Quote:
Originally Posted by BK911
Craigster, $800/month??? I am guessing you went back to a full 30 year term? And $7k? Wow!! VA is charging me about $1k plus another $1k in closing fees.
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I bought the home in 2017 so I haven't been paying on it long. It's a $700k house, 5 bed, 3 bath. My actual payment is $1800 a month which will get you a 2 bed, 1 bath condo in a dicey area here in So Cal if you were renting.
As far as loan cost I figure I'm saving $9,600 a year which I'm throwing back at the loan to drive down principal. I just wanted to get it done, after being out of work 9 months in 2020 I was glad to qualify for refinancing. Apparently the loan companies don't like to count unemployment checks as "income".
