Your current situation How much of the original loan have you paid off? (i.e, how how much have balance by? Keep in mind that interest is charged each month- its nos ou reduced the balance.) the loan Question 6. Points: 0 out of 1 possible. How much money have you paid to the loan company so far (over the last 10 years)? P Question 7. Points: 0 out of 1 possible. How much interest have you paid so far (over the last 10 years)? Question 8. Points: 0 out of 1 possible. How much equity do you have in your home (equity is value minus remaining debt Question 9. Points: 0 out of 3 possible. Refinancing Since interest rates have dropped, you consider refinancing your mortgage at a lower 6% rate If you took out a new 30 year mortgage at 6% for your remaining loan balance, what would your new monthly payments be? Question 10. Points: 0 out of 2 possible. How much interest will you pay over the life of the new loan? Your current situation How much of the original loan have you paid off? (i.e, how how much have balance by? Keep in mind that interest is charged each month- its nos ou reduced the balance.) the loan Question 6. Points: 0 out of 1 possible. How much money have you paid to the loan company so far (over the last 10 years)? P Question 7. Points: 0 out of 1 possible. How much interest have you paid so far (over the last 10 years)? Question 8. Points: 0 out of 1 possible. How much equity do you have in your home (equity is value minus remaining debt Question 9. Points: 0 out of 3 possible. Refinancing Since interest rates have dropped, you consider refinancing your mortgage at a lower 6% rate If you took out a new 30 year mortgage at 6% for your remaining loan balance, what would your new monthly payments be? Question 10. Points: 0 out of 2 possible. How much interest will you pay over the life of the new loan