Sounds similar to our refi. We shaved off a little over 1% but ended up paying $100 more a month,switched from 30 to a 20. The weird thing is we used an online broker found on Costco’s site and ended up with US Bank, where I already have an account. Seems to me that if US Bank would have just approached us directly they could have cut out the middleman. One weird thing that I read in the contract and I’m sure it’s probably in a lot of them is that a second mortgage is not allowed. For us it makes no difference as we have no plan to get a second but for people planning to add an addition or put in solar it might be a bitter pill to swallow.
