Posted on: 17th Sep, 2009 07:47 am
mortgage rate is 5.875 i owe 213000 i pay 300 extra on the principle every month. I'm 6 years into a 30 yr mortgage. Thinking of refi at 4.875 for 25 years with 3000 in closing. Is this a smart move ?
without seeing all the other numbers, what you've described looks pretty decent to me.