anyways, here is the info:

**we currently have a ~320,000 mortgage at 3.875%**. (we actually refinanced a first time back in october, 2012)

we are told we can get

**30 year/3.625%**when we are eligible to refinance again (no fee refinance, only pay for an appraisal which was $400 last time). we plan on staying in the house at least 5 years...id say 95% chance its over 10 years. we are 35 and 34 years old.

is it worth it? normally id say of course since its probably a saving of about $50/month for basically doing nothing (8 months would recoup the appraisal fee and everything after that is a bonus) but i always forget that it resets the mortgage to a new 30 years. now granted, we would only be 6 months since our last but does this mean we would be adding 6 more monthly payments in exchange for saving ~$50 per month?

doesnt seem so great when I look at it like that. or is my math waaaay wrong?