[quote=HLS]Comparing the payment savings is not the correct way to decide on the benefit of ANY refi, but it’s what most people do.
Did you get their quote for 3.00% ?
It may not make sense to take the lower rate with a cost. The recovery period could easily be 7-10 years.
In the long you will always save more money at the lower interest rate.[/quote]
I agree with this, esp since flu was thinking of replacing/upgrading his personal residence if he finds a good deal in the coming months/years. The +/- $3400 is just money down the drain if this happens, IMHO.
