…So, as another example, using the numbers from the previous example. If the person refinanced and reapplied the $150/month payment savings as extra principal payments (IE, he made the same monthly payment as before, but now an extra $150 goes towards principal reduction), he/she would end up saving $45428 in interest charges…
So, there’s so many variables one can play with…
[img_assist|nid=25818|title=Should I Refinance 2|desc=|link=node|align=left|width=600|height=800]
