help Case Study:

Ms Arna, $39$ years old is salaried professional accountant in Petaling Jaya has bought a condominium at RM$500,000$ on $2015.$ During that time, the bank only offered $\backslash (90\backslash \%\backslash )$ loan at $4\mathrm{.}6$ percent interest rate for $30$ years. After $9$ years, she plans to refinance the house. Current value of the house is RM$700,000$ and the new loan offered $\backslash (90\backslash \%\backslash )$ financing at $3\mathrm{.}35$ percent interest for $25$ years. Given the following cost incurred for refinancing

Costs Incurred

Based on the information above, you are required to show

Saving if Arna use refinance to lower the interest

Total cash out if she refinances to raise capital to open a home$-$based bakery.