# Refinance Payment Calculation

Evan refinanced his home mortgage to a 30-year fixed mortgage with monthly payments. How much is each payment if he owed $250,000 at the time of the refinance and the interest rate is 7%?

- $891
- $1,211
- $1,459
- $1,663

Evan refinanced his home mortgage to a 30-year fixed mortgage with monthly payments. How much is each payment if he owed $250,000 at the time of the refinance and the interest rate is 7%?

- $891
- $1,211
- $1,459
- $1,663