Your current mortgage of $325,000 is at 6% and recent movement in the economy have caused long-term bonds rates to fall to 5%.You keep receiving multiple refinance offers at 5%, but they will add the closing cost to your mortgage of $7,000 for the refinance to the lower rate. You plan to be in your home for the next five years.Should you refinance at the 30 year mortgage rate of5% or the 15 year rate of 4.5%.Either way, what is the number of months it will take you to breakeven on the refinance closing cost of $7,0000 of either option.What choice will you make and why?