Russ and Roz Rosow have a ten-year-old loan with which they purchased their house. Their interest rate is 10 5/8 %. Since they obtained this loan, interest rates have dropped, and they can now get a...

Russ and Roz Rosow have a ten-year-old loan with which they purchased their house. Their interest rate is

 Since they obtained this loan, interest rates have dropped, and they can now get a loan for

 through their credit union. Because of this, the Rosows are considering refinancing their home. Each loan is a 30-year simple interest amortized loan, and neither has a prepayment penalty. The existing loan is for $139,000, and the new loan would be for the current amount due on the old loan. (Round your answers to the nearest cent.)