You have taken out a 84-month $90,000 loan to cover the remaining cost of a new header for your combine at an interest rate of 11%. After 24 monthly payments have been made your credit has improved and a refinance opportunity is available. There is $15,000 left on the loan and a new fixed interest rate of 6.1% is guaranteed upon refinancing. Which factors need to be considered when refinancing a loan this loan? Explain