[quote=no_such_reality]I’m sliding into analysis paralysis.

We’re about $20K above the $417K low conforming limit.

Checking the easy online sources shows about a 0.25% hit for being in the higher conforming zone. Is this carrying through or other places not doing that?

Refi-ing is a no brainer. Which refi is the question.

* Shave a 0.25% and keep the higher balance
* take a 1/8th point, use the credit to fund the impound and pay the extra towards principal and hope rates hold for six months and refi again
* kick in $20k and take the 0.5% off the rate

It may be time to be time to let a broker make some money.[/quote]

I’d take the 1/8 point hit if I were thinking that this wouldn’t be the last time I was refinancing..

Or, I’d borrow $20k from my 401k (the portion in a money market right now earning 0.1%), and use the $20k to shave your loan down to the conforming limit. Then, I’d pay myself back the $20k loan, at a rate of 4% (non tax deductible of course, less yearly maintenance fee)…which is still better than that 0.1% interest I’d earn keeping it in a money market.