12-11-2009, 06:14 PM
Calculate the total of the remaining payments at the current rate with what's remaining of the current 30 year clock.
Then calculate the 360 months of the new monthly payment.
Then ask yourself who's getting the better deal out of this, me or the bank.
That's a good starting point.
Then calculate the 360 months of the new monthly payment.
Then ask yourself who's getting the better deal out of this, me or the bank.
That's a good starting point.