Question 2 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 monthly payment if the borrower refinance $206303 $1999.13 52299.483 52176522 NAS