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Posted on Aug 09, 2024

Five years ago you took out a 3 0 - year mortgage with an APR of 8 . 8 % for $ 2 0 9

Five years ago you took out a

30 -

year mortgage with an APR of

8.8 %

for $

209, 000 .

If you were to refinance the mortgage today for

20

years at an APR of

6.55 %,

how much

would you save in total interest expense?

.

68, 043

.

204, 129

.

272, 172

.

136, 086

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