The mortgage on your house is five years old. It required monthly payments of $1,450, had an original term of 30 years, and had an interest rate of 8% ( APR). In the intervening five years, interest rates have fallen and so you have decided to refinance that is, you will roll over the outstanding balance into a new mortgage. The new mortgage has a. What monthly repayments will be required with the new loan? interest rate of 6.125 % ( APR ). 30-year term, requires monthly payments, and has ly payment should make after refinance? unnose youare willing to continue making monthly payments of $1 450 How lang will it take vou to pay off the mortgage after refinancing? d. Suppose you are willing to continue making monthly payments of $1,450 and want to pay off the mortgage in 25 years. How much additional cash can you borrow today as part of the refinancing