re: I'm struggling to figure out if refinancing makes sense for my situation.

Gotcha. I'd just check rates daily. I see Loan Cabin isn't available in Louisiana. But today they are at 2.125% with $315 in points.

Anyway, it's all numbers and math. Play with that calculator I linked. It will show you all the numbers you need to know. I see you can probably get 2.25% with .8% points from a lender on Bankrate.com. That would still save you a lot of money, but I think you can probably find better if you're patient.

Rates are going to be low for a while, but you should probably make a decision soon because starting December 1, there is going to be a .5% adverse market fee added to your closing costs. Then again, who knows. Maybe once the new fees kick in, volume will decline and the offers will get better.

Anyway, good luck with your decision.