The figure below 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? Select one.
A graph with y axis labeled
The data are summarized in the following table.
Months
Blue Line
Orange Line
0
0
3000
1
1833.33
4333.33
2
3666.67
5666.67
3
5500
7000
4
7333.33
8333.33
5
9166.67
9666.67
6
11000
11000
7
1283.33
1233.33
8
14666.67
13666.67
