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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: chowder who wrote (17627)	11/9/2002 9:03:59 PM
From: Warpfactor	Read Replies (2) \| Respond to of 23153

Dabum, That calculator is a nice tool. <<Warp, rather than refinance, pay an extra $50 per month on your mortgage.>> According to your calculator, If I refinance at 6.25% (for free), but continue making payments at our current level, I would pay off the new mortgage in 27 years, 3 months. We've paid only 10 months on our existing mortgage, so the net result of refinancing (and continuing to maintain current payment levels) would be to finish paying the mortgage 1 year, 11 months earlier than our current plan.