ST Alpha - "st poll: would you refinance your house (keeping the same remaining term) for $55 a month in savings?" (Reading a Post)

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st poll: would you refinance your house (keeping the same remaining term) for $55 a month in savings?

Posted by tRuMaN (aka Truman) Mar 25 '13, 11:10

i got a quote from my current mortgage place about refi, i need to compare around.

i think, but i am not sure, that that quote includes rolling $1500 in closing costs into the loan balance.

Responses:

that's pretty much what we're closing on, later this week. - znufrii Mar 25, 11:15
so, you straight up save $55 a month? why not? -- nm - Andie Mar 25, 11:14 2
- (or, take the offer, pay the same and pay off $55 more on your principal?) -- nm - Andie Mar 25, 11:15 1
  - Or get like 4 tickets to see The 20. -- nm - con_carne Mar 25, 11:18
it be 27 months before you really started seeing the savings. eh. I'd pass. -- nm - Epiphany Mar 25, 11:13
Is it saving you more in interest over the long term than the fees involved? - spamlet Mar 25, 11:13
we only have a couple years left, the offer to refi would have only saved us one month's payment but extend it a year longer and we said screw it -- nm - zeitgeist Mar 25, 11:13
I look at $55 as a free bill paid. -- nm - David Mar 25, 11:13 1
- movie night -- nm - zeitgeist Mar 25, 11:13

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st poll: would you refinance your house (keeping the same remaining term) for $55 a month in savings?

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