Quote:
Originally Posted by flatbutt
I'm at 5.78 with 18 years left. Worth a re-fi?
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Depends on how long you plan to stay in the house. Figure out your break-even point by dividing your refi costs by monthly payment savings. Whatever that number is, that's how long you have to live there before really saving anything. If you can pull it off with a 15 yr. note and make an extra payment per year (assuming you plan to stay there a while), you'll do well.