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Finn's mortgage payment was originally $3,480 per month. Now, after refinancing his home loan, Finn's mortgage payment is 5% more than it used to be. How much is Finn's monthly payment now?

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After refinancing, Finn's mortgage payment is 5% more than the original payment of $3,480. To calculate the increase, multiply the original payment by the percentage increase:

$3,480 * 0.05 = $174

Now, add this increase to the original mortgage payment:

$3,480 $174 = $3,654

Finn's monthly payment after refinancing is $3,654.

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