How much of the 51 st payment will go foward principal? QUESTION 14 (continued from previous questions) After making 50 payments; you are considering refinancing because interest rates have fallen. The new mongage would involve borrowing an amount equal to the principal on the original mortgage, and repaying that balance over 30 years at a 425% APR What is the monthly payment on the new mortgage? QUESTION 15 If up-front refinancing fees =1.5% of the new mortgage amount, what is the net present value of refinancing your mortgage assuming you require a 9% rate of return on your money? How much of the 51 st payment will go foward principal? QUESTION 14 (continued from previous questions) After making 50 payments; you are considering refinancing because interest rates have fallen. The new mongage would involve borrowing an amount equal to the principal on the original mortgage, and repaying that balance over 30 years at a 425% APR What is the monthly payment on the new mortgage? QUESTION 15 If up-front refinancing fees =1.5% of the new mortgage amount, what is the net present value of refinancing your mortgage assuming you require a 9% rate of return on your money