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Detached Member
Join Date: May 2003
Location: southern California
Posts: 26,964
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As an example, if you had a $100K loan at 5.8 you'd pay about $746/mo for 18 years
A $100K loan at 3.75% would be 727 for 15 years. So 36 x $746 = $26,856 in interest that you wouldn't be paying. Keep the payments the same as the old loan payment and you'd cut even more off of a new 15 year loan.
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Hugh
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