3.6 pts Question 3 A borrower has secured a 30 year, $320,000 loan at 7%. Ten years later, the borrower has the opportunity to refinance with a 20 year mortgage at 6.2%. However, there is an upfront fee of $2500, which will be paid in cash. What is the return on the investment (refinance) if the borrower refinance and hold the new loan to the full term. 64.05% 62.32% 66.58% 6552