refinance second home

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refinance second home

Post by dmk395 »

Original loan $173k. 4.125% $838 month payment roughly

Current balance with a bit less than 3 years into the 30 yr loan balance is $159,800

Got an offer to refinance today at 3.675% with 2500 in closing costs. I'd save $100 per month. I've been accelerating payments, but I always like saving money monthly.

Make any sense to refinance? I plan to keep the place for awhile.
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Re: refinance second home

Post by RickBoglehead »

Calculate your breakeven. ... lator.aspx

Many find zero cost loans.
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Re: refinance second home

Post by Flyer24 »

Topic moved to Personal Finance.
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