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🏠 📊 When does refinancing a 30-year mortgage to a 15-year make sense?
🏠 📊 When does refinancing a 30-year mortgage to a 15-year make sense?
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I have a 30 year mortgage at 6.375%, $500K. I'm a year into the mortgage. At what percentage does and origination fee does it make sense to jump to a 15-year? My current monthly is $3.6K, but I've been paying $4K regularly. I've seen a few 15 years at 4.5% range, but have a $8K origination fee. I need a Rent-V-Buy calc for refinancing.
I have a 30 year mortgage at 6.375%, $500K. I'm a year into the mortgage. At what percentage does and origination fee does it make sense to jump to a 15-year? My current monthly is $3.6K, but I've been paying $4K regularly. I've seen a few 15 years at 4.5% range, but have a $8K origination fee. I need a Rent-V-Buy calc for refinancing.
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