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17) 7 years ago you took out a 15-year $1,500,000 mortgage at 15% with a 30-year amortization. If you can take out a new 8-year
17) 7 years ago you took out a 15-year $1,500,000 mortgage at 15% with a 30-year amortization. If you can take out a new 8-year mortgage at 9% with a 30-year amortization, how much will this save you? The refi and prepay will cost $125,000.
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