After 5 years, suppose interest rates have dropped. You can now refinance your mortgage. When you refinance your mortgage, you pay off the original mortgage and take out a new mortgage. This new mortgage will likely have a different rate but will restart the term. Suppose you can refinance into a 15 -year mortgage at 4.00%. What will be your new monthly payment? After 5 more years, how much will you owe on your mortgage? At this time, you decide you will pay an extra $250 per month to pay down your mortgage even faster. How much quicker will you be able to pay off your mortgage