OPTION 2 Jarom has a mortgage with a balance of $273,428. When the mortgage was taken out, the house appraised at $280,000 but now appraisers for $350,000. His current monthly payment for just interest and principal is $1,317 84. He has the chance to refinance his mortgage at 3.125% for 28 years and 2 months, but the bank charges $3,593 in closing costs. 1. What would Jarom's new mortgage payment be? 2. How many months will it take for Jarom to break even? 3. What other things should Jarom consider before making a decision