You just bought a house that is worth $600,000. You paid 20% of the cost as down payment and borrowed the rest (i.e., mortgage). This is a 15-year (monthly payments) mortgage with an APR of 5.50\%. You believe that you can refinance this mortgage at the end of Year 5. You expect the interest rates to go down to 4.40% that time without changing the total payment period (last payment made at the end of Year 15). Under these circumstances, what is the reduction in your monthly payments after refinancing? (Note: All answers are rounded to the closest dollar) $215$194$205$182$226