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

Posted on 9/12/20 at 10:21 am to
Posted by BestBanker
Member since Nov 2011
17564 posts
Posted on 9/12/20 at 10:21 am to
So is your current monthly P&I payment $1,018.00?

If yes, don't refinance and pay like it's the 15 note. Or, refinance and pay the extra principal that way. At 8 yrs in on your current note you've paid an abundance in interest. Your going to increase principal payment either way.
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