(Answered) Yu purchase your home with a 300000 15-year fixed 425

Economics

You purchase your home with a $300,000, 15-year fixed, 4.25 % mortgage loan. After 6 years, 72 monthly payments, you are offered to refinance the balance of your loan with a 15-year 3.85 % fixed-rate mortgage. Is refinancing to your financial advantage?

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Microeconomics, Economics

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