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Posted on Sep 29, 2024

Five years ago you took out a 3 0 - year mortgage with an APR of 6 % for $ 2 0 6 , 0

Five years ago you took out a

30 -

year mortgage with an APR

6 %

for $

206, 000 .

If you were to refinance the mortgage

today for

20

years at an APR of

4 %,

how much would you save

in total interest expense?

.

152, 003

.

50, 668

.

101, 335

.

202, 671

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