[quote=mp7444][quote=4slive]because MR annual payment is equvilent to 8-9% interest rate.[/quote]

Could you shed some lights on how to is this number calculated?

I’m thinking about paying off the MR as well. MR & property tax together are like 1k/mo. :/[/quote]

Contact PUSD or county to get your MR pay off amount, assume it’s the principle, then plug in the number to 30-year fixed mortgage calculator, you should be able to figure out the equivelant interest rate for same monthly payment. To give you some ideas, the MR pay off amount is usually 10 times of your annual payment.