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Loan
Balance:................................... $300,000
Remaining term............................. 240
month
Current rate........................................
10.5%
Current payment..............................$2,995.14
At
a rate of 9.5%
Proposed
payment..........................$2,796.38
Savings per month...........................$198.76
Savings per year...........................$2,385.12
Savings over term........................$47,702.40
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