Nesrin purchased a $325,000 house and paid 25 percent down. She got a 30-year fixed-rate mortgage with an annual interes

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answerhappygod
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Nesrin purchased a $325,000 house and paid 25 percent down. She got a 30-year fixed-rate mortgage with an annual interes

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Nesrin purchased a $325,000 house and paid 25 percent down. Shegot a 30-year fixed-rate mortgage with an annual interest rate of5.75 percent. After five years she refinanced the mortgage for 25years at a 5.35 percent annual interest rate. Calculate the newmonthly payment (to the nearest dollar) after therefinancing.
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