Getting Real (Estate)

[glatt]

Originally Posted by TheMercenary

We refinanced to a 15yr loan and our payments went up a few hundred dollars. Best thing we ever did.

We ran a bunch of different calculators yesterday using all the actual numbers in front of us, and it looks like our monthly payments would go up by around $150 a month. That's actually a little too painful for us. We could swing it, but it would impact our already frugal standard of living for a few years. I think we may stick with the old loan. It's a tough call. Paying off the house 9 years sooner would be really nice. Ugh.