Currently I have $90,000 left on a 30 year loan at 5.75 interest rate. I started in 2006 and have about 20 years left to pay it off. I like to refi to 15 years and got a quote at 3.875 because it is a rental house. The loan officer said it would be better to just pay $50 dollars extra a month to the principal then to pay all the closing costs ($5000). Is there a calculator for this? I used this calculator and see that I would save over 30K. I am confused since 5K seems resonable to save 25K in long run. http://ift.tt/2mcE2ud
Submitted March 06, 2017 at 05:25PM by cosmoplast14 http://ift.tt/2lxrn8s
