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Calculate payments on $1,000,000 mortgage with the mortgage rate on the long-term mortgages you have on the sheet how would the payment change if the

  1. Calculate payments on $1,000,000 mortgage with the mortgage rate on the long-term mortgages you have on the sheet how would the payment change if the interest rate increases by 1%. what is the cut off line for refinancing if the interest rates drop by 1%? Meaning how long after the initial origination of the mortgage will it be worth refinancing if interest rates drop by 1%?

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