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re: Refinance gurus- I'm looking to refinance my mortgage- will it be worth it?

Posted on 3/9/15 at 9:26 pm to
Posted by Ace Midnight
Between sanity and madness
Member since Dec 2006
89646 posts
Posted on 3/9/15 at 9:26 pm to
quote:

This is my goal, even playing with the idea of going down to 10 years.



If your original loan was about $90k for 30, then a refi to $70k at 4% for 15 years is going to be about $520 P&I, plus your escrow payment, which has to be within $10 - $15 of your current P&I.
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