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Can you show me how to calculate the break even point using Excel. 7 years ago a fixed rate mortgage for $100,000 was issued which

Can you show me how to calculate the break even point using Excel.

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7 years ago a fixed rate mortgage for $100,000 was issued which would fully amortize monthly in 20 years. The contract rate was 8%. Refinancing costs $3,000 Now tha rates have fallen to 6%. What is the monthly payment? What is the loan balance? What is the Break-even rate for refinancing? BER Is refinancing a good idea

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