When there are 9 years left on the loan you refinance again


Suppose you take out a 30-year mortgage for $220193 at an annual interest rate of 6.1%. After 9 years, you refinance to an annual rate of 4.7%. When there are 9 years left on the loan, you refinance again to an annual rate of 2.2%. What are your monthly payments for the last 9 years?

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Finance Basics: When there are 9 years left on the loan you refinance again
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