re: Currently at 3.75% for 30-year fixed - Should we try to refinance?

quote:

---

my question is, would I be better off saving the 3100 closing and just adding 200/month to principal on the 30 year loan? How would that compare timewise in paying off to a refinance at 15 years they quoted above?

---

As said by others, it all depends on how long you are in the house. Most likely yes you are better off doing that as percentage wise you are not likely to be in the house long enough to make up the difference. I'm too lazy to do the math, but just figure out how long it will take for your savings on interest to add up to the costs of the refinance.