please show calculations. 12) The current monthly mortgage payment is $2,300. If you...
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please show calculations.
12) The current monthly mortgage payment is $2,300. If you were to refinance the mortgage, how long it would take in terms of months) to break-even assuming the following: current mortgage balance is $175,000 new mortgage rate is 3.5% 30 years to mature Pre-payment penalty is $0.00 Closing costs are $6,500
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