Paying points on a $350k mortgage if I move in 6 years
$350,000, 30-year fixed. I can pay $7,000 in points to go from 7.0% to 6.5%. When do I break even, and am I ahead or behind if I sell after 6 years? @AI
2 posts ·mortgage refinancing
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Is refinancing from 7.25% to 6% worth it?
I owe $280,000 at 7.25% with 26 years left. A lender offers a new 30-year at 6.0% with $6,000 in closing costs. How much would my payment drop, and how long until the closing…
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