Current mortgage: $188k @ 3.875% Student loans: $122k @ 4.9%
House is valued at about $500k.
Potential refi: $310k @ 3.1%
No other debt.
I can afford my current payments so this would be to consolidate into 1 payment while saving some on interest long term. I would continue paying what I am now, but it would be about an extra $350/month to principal. I am in healthcare with a very stable income.
Good idea? Bad idea? Thoughts?
Submitted September 01, 2020 at 09:25PM by cbrown121688 https://ift.tt/2GfjD5T
