Fifteen years ago, The Brown family bought a home and financed $150000 with a 30 year mortgage at 8.2% Find their monthly payment, make an amortization table and find the total amount of their payments and the total interest they would pay if they pay off the loan as scheduled Suppose the brown family made payments for 15 years, what is the current payoff amount? Suppose interest rates have dropped and two banks would like to refinance the Brown family loan. Bank A offers a 30 year mortgage at 6.5%. Bank A charges $3400 for the refinance in bank fees. IF the brown family pays this fee up front and refinance the balance of their loan, what is their monthly payment? Create a new table for this loan and determine the total amount of their payments and their total interest. Does this seem like a good option for the Brown family? Now suppose Bank B offers a loan with an interest rate of 5.5% but on a 15 year mortgage. Their refinance fee is $4500. If the Browns pay t his fee up front and refinance the balance of the loan, find their monthly payment. Create a new table for this loan and determine the total amount of their payments and their total interest. Does this seem like a good option for the Brown family?