Looking to refinance, wondering about input:
Current: 30 years, 2 years in. 4.325% 1350 monthly PITI (includes 163 PMI)
New 15 year fixed 2.25% 1475 monthly PITI (dropped PMI, appraisal waived too)
Our payment seems to barely change between the PMI dropping and the interest going down. Huge difference in the amount going to principal each month. Market has increased enough that they said they did not need to appraise again but can still drop PMI.
Seems too good to be true, anyone have any thoughts?
Submitted September 10, 2021 at 11:21PM by Bear314 https://ift.tt/3lcZBtQ
