It depends on the number of subsequent years you live

in your house.

If you take 7.75% loan, you will pay around $5400 more interest than 7% during 24 months afterward. If you live here more than 2 years, obviously 7% loan should be more interesting.

My calculation is rough and excluding tax benefits you may get from mortgage interests.

But the way of thinking should be fine.

所有跟帖： 

• 如果从refinance的角度来考虑呢 -maque- ♂ (306 bytes) () 04/12/2008 postreply 09:05:16

• You need to check docs. I can't answer. -worriedmom1- ♀ (0 bytes) () 04/12/2008 postreply 09:15:20