Can you show me how to calculate the break even point using Excel.
Posted: Tue Nov 16, 2021 8:31 am
Can you show me how to calculate the break even point using
Excel.
7 years ago a fixed rate mortgage for $100,000 was issued which would fully amortize monthly in 20 years. The contract rate was 8%. Refinancing costs $3,000 Now tha rates have fallen to 6%. What is the monthly payment? What is the loan balance? What is the Break-even rate for refinancing? BER Is refinancing a good idea?
Excel.
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