Use t - StarChapter

At the new rate of 5% on the balance of $185,047.18, Lillian’s new payment would . drop to $1463.34 per month for the remaining 15 years. Difference between old and new payments: $1663.26 - $1463.34 = $199.92. And the present value of $199.92 per month for 15 years or 180 months is . $25,280.93 so she would save this much by refinancing ... ................
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