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A Property Worth $16 Million Can Be Refinanced with an 80

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A property worth $16 million can be refinanced with an 80% loan at 9.5% over 20 years.The balance on the current loan is $12,148,566.Loan payments are $113,302 per month.The loan balance in 10 years will be $8,396,769.If the property is expected to be sold in 10 years,what is the incremental cost of refinancing?


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Entities involved in the production and distribution of milk and milk-related products to consumers and businesses.

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The amount of money charged for the temporary use of a property or equipment.

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A market condition where the quantity of a product offered for sale by producers exceeds the quantity demanded by consumers.

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The service of providing Blu-Ray discs, which contain high-definition video content, for temporary use to customers for a fee.

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