ER_Hopeful
Recycles dryer sheets
I've been mulling over this the past couple weeks, so should I do another refi?
info:
6.5 years into the current 30 yr mortgate at 5.375%, remaining principal = $117k. PI=$827, PITI=$1080. I’m paying extra $400 each month, at this rate I could pay it off in about 10.5 years.
I checked amerisave.com(haven’t shopped around seriously), If I could refi at 4.125% with a 10 yr fix or 4.375% with 15 yr, should I do it? How do you run the numbers in this game ? Total cost for either loan is around $1500.
15 yr at 4.375%, PI = %872
10 yr at 4.125%, PI = $1172
info:
6.5 years into the current 30 yr mortgate at 5.375%, remaining principal = $117k. PI=$827, PITI=$1080. I’m paying extra $400 each month, at this rate I could pay it off in about 10.5 years.
I checked amerisave.com(haven’t shopped around seriously), If I could refi at 4.125% with a 10 yr fix or 4.375% with 15 yr, should I do it? How do you run the numbers in this game ? Total cost for either loan is around $1500.
15 yr at 4.375%, PI = %872
10 yr at 4.125%, PI = $1172