If you plan on staying in your home for longer than 24 months it may be time to refinance. After 24 months you would breakeven (recover the closing cost) and save money over your current mortgage situation. Your monthly payment would drop from $514 to $376, putting $138 each month into your own pocket and you could save $49,630 in interest over the life of the loan.

If you plan on staying in your home for longer than 24 months it may be time to refinance. After 24 months you would breakeven (recover the closing cost) and save money over your current mortgage situation. Your monthly payment would drop from $514 to $376, putting $138 each month into your own pocket and you could save $49,630 in interest over the life of the loan.

If you plan on staying in your home for longer than 24 months it may be time to refinance. After 24 months you would breakeven (recover the closing cost) and save money over your current mortgage situation. Your monthly payment would drop from $514 to $376, putting $138 each month into your own pocket and you could save $49,630 in interest over the life of the loan.

If you plan on staying in your home for longer than 24 months it may be time to refinance. After 24 months you would breakeven (recover the closing cost) and save money over your current mortgage situation. Your monthly payment would drop from $514 to $376, putting $138 each month into your own pocket and you could save $49,630 in interest over the life of the loan.