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Assuming your house is still worth $400,000, you would need to refinance only $364,870.
The need to refinance debt is only the most immediate of Greece's problems.
Hicks and Gillett need to refinance Liverpool's £300m debt in July.
Since subprime borrowers cannot afford higher rates, they would need to refinance soon.
And when you most need to refinance you can't — the crux of the crunch".
Private equity will need to refinance $140 billion worth of these loans in 2014 versus only $21 billion in 2012.
Banks globally need to refinance about $7 trillion of debt in all maturities by the end of 2012.
On the negative, the need to refinance $70bn of bonds over the next three years could nibble at profit margins.
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Taylor Wimpey needs to refinance its £1.9bn debt burden.
But it needs to refinance only a modest amount of maturing debt (see chart).
It needs to refinance more than $350 billion of its debt in the next six months alone.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com