[quote=steveno]
Total savings in monthly payments of $550 combined. Will take 3 years to break even on the fees and costs.
$500 lock fee. [/quote]
StevenO,
Are you saying that you are saving $6600 a year and it will take 3 years to recover your cost, meaning that these 2 loans cost you $20,000 in closing costs….
Can you please clarify ?
