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Years ago you took out a 30-year mortgage loan to buy a home (the loan now has exactly 12 years left). The mortgage requires monthly

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Years ago you took out a 30-year mortgage loan to buy a home (the loan now has exactly 12 years left). The mortgage requires monthly payments of $1,460.00 and has an APR of 4.2% (APR, compounded monthly). Now you have decided to refinance with a new, 30-year mortgage loan with monthly payments and an APR of 3.6% (compounded monthly). What will be the new required monthly payment? Round and enter your answer to the nearest dollar (i.e., the nearest integer)

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