Assumptions can be made if necessary, please show calculations

1. Calculate the 15-Year mortgage refinance .The Current value of the residence is $550,000 The balance of 30-year mortgage at 5.5% is $260,514. . Land value is $150,000 Monthly payment is S1703.37, and they have owned it for 8 years will not be qualifying for refinancing until Alex has been employed for 12 months 1. Calculate the 15-Year mortgage refinance .The Current value of the residence is $550,000 The balance of 30-year mortgage at 5.5% is $260,514. . Land value is $150,000 Monthly payment is S1703.37, and they have owned it for 8 years will not be qualifying for refinancing until Alex has been employed for 12 months