You plan to live in your home for at least four more years. Use the Mortgage Refinancing Worksheet to see if it makes sense to refinance your mortgage. (a) What is your currently monthly mortgage (in 5)? (1) (b) Using this table, what is your new monthly mortgage payment (in \$) if you decide to refinance? (Round your answer to the nearest cent.) (c) What is vour monthly savings (in \$\$) if you decide to refinance? (Round your answer to the nearest cent.) $ (d) Calculate the total refinance closing cost (in \$). (Round your answer to the nearest cent.) $ (e) How many months would you need to recoup the refinance closing cost? (Round your answer up to the nearest month.) months (e) How many months are you planning to live in your home? months (g) If you're planning to live in your home for at least four more years, does it make sense to refinance your mortgage? Yes, it makes sense to refinance. No, it does not make sense. You plan to live in your home for at least four more years. Use the Mortgage Refinancing Worksheet to see if it makes sense to refinance your mortgage. (a) What is your currently monthly mortgage (in 5)? (1) (b) Using this table, what is your new monthly mortgage payment (in \$) if you decide to refinance? (Round your answer to the nearest cent.) (c) What is vour monthly savings (in \$\$) if you decide to refinance? (Round your answer to the nearest cent.) $ (d) Calculate the total refinance closing cost (in \$). (Round your answer to the nearest cent.) $ (e) How many months would you need to recoup the refinance closing cost? (Round your answer up to the nearest month.) months (e) How many months are you planning to live in your home? months (g) If you're planning to live in your home for at least four more years, does it make sense to refinance your mortgage? Yes, it makes sense to refinance. No, it does not make sense