Quote:
Originally Posted by RACER X
what cost are associated w/ a refi ?
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(made some ninja edits)
https://www.wellsfargo.com/mortgage/rates?dm=DMIWFHPRAT
4.75% at wells fargo.
Refinance costs are like 1.5% of the loan amount. For my loan at 5.5%->4.75% its showing a payoff in 2.3 years. If the loan drifts to 4.5% it will be 1.8 years.
[this calculation does not take into account the savings associated with deducting the points at closing]