10-years ago, you took out a 30-year mortgage with an APR of 6.5% for $430,000. If...

10-years ago, you took out a 30-year mortgage with an APR of 6.5% for $430,000. If you were to refinance the mortgage today for 20 years at an APR of 4.25%, how much would your monthly payment change by?

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As nothing was mentioned excel is used. If you need with formula, let me know, will do that also. Thank you.

jeff jeffy answered 10 months ago

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