Posted by **wen ** on Monday, December 12, 2011 at 10:58am.

A 30 year fixed rate $100,000 mortgage loan . The interest rate is 7.5% compounded monthly.After 20 years the bank is making an offer to refinance at a lower rate of 4.5% . The estimated closing costs are $3,000?

## Answer This Question

## Related Questions

- Calculus with Analytical Geometry 1 - You take out a 15 year mortgage for $20,...
- Finance - Could someone tell me how to calculate this in excel? You are ...
- math - The Sandersons are planning to refinance their home. The outstanding ...
- math - FreddieMac reports that the average rate on a 30-year fixed rate mortgage...
- MATH - FreddieMac reports that the average rate on a 30-year fixed rate mortgage...
- MATH - Five years ago, you bought a house for $151,000, with a down payment of $...
- accounting - You have just purchased a house and have obtained a 30-year, $200,...
- Mortgage Class - A borrower received a 30-year ARM mortgage loan for $120,000. ...
- math - The Sandersons are planning to refinance their home. The outstanding ...
- Finite Math - The Sandersons are planning to refinance their home. The ...

More Related Questions