This preview shows page 1. Sign up to view the full content.
Unformatted text preview: mortgage. The refinancing fee (2% of the new loan amount) includes an appraisal, legal fees, taxes, title insurance, application fee, and processing fee. Calculate the following: BOA Payment: Principle & Interest only (not including taxes and insurance) Total payments to Wachovia over the life of the loan Total Interest and fees to be paid to Wachovia over the life of the loan Approximately how long would you have to keep the house in order for the refinancing decision to make sense?...
View Full Document
This note was uploaded on 02/09/2012 for the course MGT 3078 taught by Professor Marchman during the Spring '12 term at Georgia Institute of Technology.
- Spring '12