you bought your house 5 years ago and you believe you will be in the house only about 5 more years before it gets too small for your family. Your original home value when you bought it was $250,000, you paid 20% down and you financed closing costs equal to 3% of the mortgage amount. The mortgage was a 30 year fixed-rate mortgage with a 6.5% annual interest rate. Rates on 30-year mortgages are now at 5% if you pay 3 discount points. Your refinancing costs will be 1.5% of the new mortgage amount (excluding points). You won't refinance the points and closing costs this time. A new downpayment is not required. Write down the first three months of your amortization schedule for your initial mortgage. Should you refinance? Ignore all taxes and show your work.