You purchase a $325,000 town home and you pay 25 percent down. You obtain a 30-year fixed-rate mortgage with an annual interest rate of 5.75 percent. After five years you refinance the mortgage for 25 years at a 5.1 percent annual interest rate. After you refinance, what is the new monthly payment (to the nearest dollar)? A. $2,122,426

B. $2,225,330

C. $2,015,678

D. $2,212,041

E. $1,999,998

How do I solve with an BA II calculator?