kfindley79
Dryer sheet aficionado
- Joined
- May 4, 2010
- Messages
- 38
Looking for everyone's input here...
Current mortgage -
226K @ 5.00% 30 year fixed
Current payment - 1462.00 (includes PMI, insurance, and taxes)
Proposed refi -
229K @ 4.125% 20 year fixed
Proposed payment - 1600.00 (includes PMI, insurance, and taxes)
Does this refi make since? Should I pay ~3K in closing to make this work? We do plan to stay in this house for 20 years +.
Thanks
Current mortgage -
226K @ 5.00% 30 year fixed
Current payment - 1462.00 (includes PMI, insurance, and taxes)
Proposed refi -
229K @ 4.125% 20 year fixed
Proposed payment - 1600.00 (includes PMI, insurance, and taxes)
Does this refi make since? Should I pay ~3K in closing to make this work? We do plan to stay in this house for 20 years +.
Thanks