Question: Consider a 2 0 - year mortgage for $ 3 1 4 , 5 6 3 at an annual interest rate of 4 . 3

Consider a 20-year mortgage for $314,563 at an annual interest rate of 4.3%. After 5 years, the mortgage is refinanced to an annual interest rate of 2.8%. What are the monthly payments after refinancing?
Round your answer to the nearest dollar.

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