Estimated monthly change
−$309/mo
Current payment
$2,253
New payment
$1,944
Principal & interest only. Taxes, insurance, and HOA not included.
Break-even
1.8 years
5-year net savings
$12,044
Lifetime interest diff.
$23,641
Heads up: a 30-year term extends your payoff beyond your current 27 years, which can lower the payment but raise total interest.
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