While you're like me and shut in, take some time...

[VarryOn]

To look into whether a refi on your mortgage makes sense. My back-of-the-envelope analysis shows I'd net approx.$68 a month in extra cashflow. Maybe worth it. Might be a good use for the check we'll be getting...supposedly.

Anyway, a thought.

[marlakay]

1. Rates are low but I am seeing

Large refinance fees like $2300 or more. I checked into it and we already have 4.1 and bank giving out 3.9 for regular loans.

[pat_k]

2. Compare total interest to be paid on remaining...

...vs. total interest over life of the new loan. Even with lower interest rate and lower monthly payment, you can "lose" in the long run.

Remember, in the initial years of a loan, very little of your payment goes toward paying down principle. If you are several years into repayment, you are paying more toward principle each month. Not always beneficial to "start over."

[VarryOn]

3. It's not a 'for sure' thing for us...

But definitely something I'm exploring. Might take a few weeks for rates to settle down.

[msongs]

4. depends on your costs and how long it takes to get them back thru the savings nt