These are both based upon the same principle just with different numbers. I need both answered please! Thanks!

Benny has a mortgage on his home for $400,000 at 3.00% interest for 30 years. His home is currently worth $450,000. Benny has $20,000 in credit card debt with total monthly minimum payments of $417.00. Benny refinances his home and takes out a loan of $420,000 ( $20,000 from the equity in his home) at 2.25% for 30 years. He uses the $20,000 to pay off the credit cards. How much have his total payments (mortgage + credit cards) changed after the refinancing/payoff sequence? Payments decrease by $497.99 Payments decrease by $1,605.43 Payments decrease by $1,686.42 Payments decrease by $566.99 Dave has a mortgage on his home for $300,000 at 3.50% interest for 30 years. His home is currently worth $450,000. Dave has $30,000 in credit card debt with total monthly minimum payments of $817.00. Dave refinances his home and takes out a loan of $330,000 ( $30,000 from the equity in his home) at 2.50% for 30 years. He uses the $30,000 to pay off the credit cards. How much have his total payments (mortgage + credit cards) changed after the refinancing/payoff sequence? Total payments decrease by $1,347.13 New total is $2,164.13 Total payments decrease by $860.23 Total payments decrease by $1,303.90