Ann got a 15 year Fully Amortizing FRM for $1,000,000 at an annual interest rate of 7% compounded monthly, with monthly payments. After 5 years of payments, Ann can refinance the balance into a 12 year Fully Amortizing FRM at an annual interest rate of 6% compounded monthly, with monthly payments. Refinancing will cost Ann 2 points and $1,700 in closing costs. If Ann refinances into this loan after 5 years, what will be her total cost of refinancing (i.e. the cost paid immediately at the moment of refinancing)?

A. 6,000

B.1,700

C.17,182.56

D.15,482.55

E.1,290.21