Quote:
Originally Posted by Hotrodz
Yep mine is at 3.5 so it is pretty close for me to look at it at 2.5 but part of me just doesn't want to deal with the hassle.
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My rate is higher, but it is a $0 down VA loan. If I refi, it will only save about $200 a month, but dividing the savings into estimated closing costs leaves me with a break even point of about 15 months down the road. No thanks.
It would be worthwhile if the break even point was 6 months on a 15 year note, but I don't have 30% equity to get the best rate.
