a homeowner bought a property for $300,000 5 years ago. he got a $250,000 loan at 9% for 30 years, the loan require monthly payments and is fully amortized. currently mortgage rate for 25 year loan is 7.5%. there is 2% origination fee charged on the new loan amount. all payments are monthly. what is the monthly payment difference (saving) if the borrower refinance the loan?

answer choices $240.19 $237.53 $220.49 $210.56