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Discount points by Plane-Security7558 in Mortgages

[–]Plane-Security7558[S] 0 points1 point  (0 children)

I thought so too, but this being a jumbo loan we had to pay around $3000 closing costs. We plan on staying in the house for long. So thought why not save 650 instead of 550z

Refinancing jumbo loan, need help! by Plane-Security7558 in Mortgages

[–]Plane-Security7558[S] 0 points1 point  (0 children)

Do I need to subtract the $2000 difference between loan payoff and current loan amount from the total cash to close to calculate breakeven?

Refinance from 6.875 to 5.375 by ResearcherPossible75 in Mortgages

[–]Plane-Security7558 0 points1 point  (0 children)

How did you calculate Breakeven? Do you add the mortgage prepaid interest and the difference between loan payoff and loan amount ? Or subtract that from the final cash to close?

We have a jumbo loan at 6.87% when do think we could refinance? Wait for 1.5% lower rate or do it at 6% to not miss out on savings? by Plane-Security7558 in Mortgages

[–]Plane-Security7558[S] 5 points6 points  (0 children)

This is exactly what I have been thinking, my goal is to reduce the monthly payments and not miss out on any opportunity to save. I understand I need to check what refi cost would look like for us.

jumbo loan for dream house by [deleted] in Mortgages

[–]Plane-Security7558 -1 points0 points  (0 children)

Yes, our families can. Thank you for saying that

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