The following figure shows costs for a current home mortgage versus a refinanced home mortgage. Refinancing has initial costs but results in a lower monthly payment. Which best describes the lines? Total cost ($) 14000 12000- 10000- 8000- 6000+ 4000- 2000- 8 9 10 Months

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The following figure shows costs for a current home mortgage versus a refinanced home mortgage.
Refinancing has initial costs but results in a lower monthly payment. Which best describes the lines?
Total cost ($)
14000
12000-
10000-
8000
6000-
4000
2000
5
6
9
10
Months
Transcribed Image Text:The following figure shows costs for a current home mortgage versus a refinanced home mortgage. Refinancing has initial costs but results in a lower monthly payment. Which best describes the lines? Total cost ($) 14000 12000- 10000- 8000 6000- 4000 2000 5 6 9 10 Months
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