What is the monthly payment of the original loan what is, Financial Management

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What is the monthly payment of the original loan what is

10 years ago a fixed rate mortgage for $ 400,000 was issued which would fully amortize monthly in 30 years.

The contract rate is 6%

Refinancing cost $2000

Now the rates have fallen to 8.85

Please show work so i can apply to other practice problems

What is the monthly payment of the original loan?

What is the loan balance?

What is the monthly payment refinanced?

is refinancing advisable from the borrower's perspective?

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Financial Management: What is the monthly payment of the original loan what is

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Financial Management: What is the monthly payment of the original loan what is

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