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-   -   Should I refinance my mortgage? (http://www.physicsforums.com/showthread.php?t=572360)

shetland Jan30-12 12:58 PM

Should I refinance my mortgage?
 
My interest rate is 6.375 with 140k left. To get under 80% deft to ratio I need to pay 10k to principal. Closing cost is only $200. I figure to pay off my mortgage within 5 years. The refinance term would be 12 yr. should I refinance or wait and pay off full in a few years? Btw interest rate quotes at 3.80


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