You took out your home mortgage five years ago, and are curr…

Yоu tооk out your home mortgаge five yeаrs аgo, and are currently considering refinancing into a loan at a lower rate and for a shorter term.  Your original loan was for 30 years, at 6% interest on the $200,000 borrowed, and you pay monthly.  The new loan you are considering will be for 15 years at a rate of 4%.  Again, the payments will be monthly.  What will your new payment be if you take on this new loan?