[quote=bearishgurl][quote=Russell]O.K. BG, The only reason I mentioned it is because my current lender just locked me at 4.75 fixed/fully amortized, with the only costs being a notary for the “closing by mail”. It was at 5.62 fixed before.

Hopefully, saving the points/fees $ until 30 year rates hit 4%, as predicted by sdrealtor, will be a good play.[/quote]

Russell, what will be your APR as shown on your “Reg. Z” or Good Faith Estimate document?

How many months/years were paid down on your old loan? and

What is the difference every month between your current and projected monthly payments?[/quote]

APR is 4.75%.Monthly P&I payment drops by about 12%. The new 30 years has a lower total finance cost than the current remaining 28 years, not that it is likely that either loan would be around that long.