document.write( "Question 326664: you buy a house for $160,000. you pay 10% down and finance the rest paying 8% interest on the remaining balance for 30 years. 10 years later you refinance the balance left at 6% for 30 years. since you are paying for a new 30 year loan in addition to the 10 years you have already paid, how much are you saving monthly to take advantage of the lower interest rate? \n" ); document.write( "
Algebra.Com's Answer #233877 by rfer(16322)![]() ![]() ![]() You can put this solution on YOUR website! savings per mo \n" ); document.write( "1056.62-757.37=$299.25 \n" ); document.write( " |