Quote:
Originally Posted by Aurel
Did they roll any other costs in the new mortgage, or was $250 all it cost for the refinance? In my case, I could go from 6.625% to 5.25% with my lender with zero out of pocket, but the closing cost will be about $2,800 rolled into the new mortgage.
Aurel
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would have been 4.875% rate with $1500 in closing costs or they bump up the rate to 5% and $250 in closing costs. The lower rate would have taken 5ish years to recover the higher closing costs.
pick your poison sort of thing.