re: Is it worth it to refinance?

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This should be simple for finance guys. If I am planning on selling my house in 2 years, is it worth it to refinance? The deal that I got knocks 5 years off the total mortgage and brings the interest rate from 3.7 to 3.1.

The monthly note will effectively be the same. I just don’t want to pay (or roll into the loan) a bunch of closing costs if it isn’t a good decision to begin with.

If this was my forever home, it would be a no brainer.

Would I be better off just sticking with current mortgage and paying a couple hundred more every month?

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There are a lot of break even calculators online. Plug in the specifics of each loan and you’ll get your answer.

In your case the big deciding factors will be closing cost and loan balance in 24 months. If your loan balance on the refi + closing costs is lower than your balance would be under your current loan, it’s worth it from a financial standpoint.