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Old 08-21-2011, 08:02 PM
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Join Date: Aug 2011
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Default mortgage refi question?
I was given the following 20-year loan rates to refi. I can afford to pay any increase in my monthly payments. Which is the best deal?Rate Pts Closing Costs Pymt Differential3.750 1.000 $8800 + $1963.875 .250 $5300 + $2064.000 -0- $2900 + $2224.125 -0- $ 600 + $2394.250 -0- -0- + $266Mortgage loan amount is $460,000. Current rate 4.75% and monthly payment $2600.
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