You have a mortgage which is 60 months old with an original principal balance of $185,000 and interest rate of 4.5%. You have to decide if it is a good time to refinance. (4 points) A. What is your current balance and payment? B. If current interest rates are 3%, what is your new payment if you hold your mortgage to term constant? If you recast the mortgage term to 30 years? C. You have to pay 2% in fees to refinance. If you can get a new 30 year mortgage at 3%, how many months do you recover your fees?