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re: I'm struggling to figure out if refinancing makes sense for my situation.
Posted on 9/12/20 at 12:05 pm to LSU
Posted on 9/12/20 at 12:05 pm to LSU
quote:
owe $207k on my house. I'm 4 years into the current 3.625% rate on a 30 year mortgage. If I pay an extra $400 per month, then it'll cost me a total of $236k between now & when it's paid off in 13 more years.
There is no way you will only pay $29k in interest over the next 13 years. This is really bad math and it’s costing you money.
This post was edited on 9/13/20 at 6:51 pm
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