Question: QUESTION 4 Ann got a 30 year Fully Amortizing FRM for $1.500.000 at an annual interest rate of 4.25% compounded monthly, with monthly payments. After

QUESTION 4 Ann got a 30 year Fully Amortizing FRM

QUESTION 4 Ann got a 30 year Fully Amortizing FRM for $1.500.000 at an annual interest rate of 4.25% compounded monthly, with monthly payments. After 5 years of payments, Ann can refinance the balance into a 25 year Folly Amortizing FRM at an annual interest tate of 3.75% compounded monthly, with monthly payments Refinancing will cost Ann 2 points and 51.500 in closing costs Ann refinancos this loan stor 5 yearn what will be hot total cost of rofinancing? $27,242.31 $28.742 31 $30,000.00 591.500.00

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