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re: Should I refinance?
Posted on 8/21/14 at 7:25 pm to 1860pissed
Posted on 8/21/14 at 7:25 pm to 1860pissed
quote:
I looked at an amortization table and the difference in interest (looking at just principal and interest) between the RD loan and the 15 year loan at 240k is almost 120k. That makes me want to refinance. Paying more each month with the same 4.25% at 30 year doesnt knock off near the same amount of interest as getting a lower rate at 15.
This depends on how much more you pay per month.
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