Question 1

Should I refinance for a small rate drop?

Accepted Answer

Only if you will keep the loan past break-even and the payment/interest tradeoff fits your goals.

Question 2

Are taxes on refinance considered?

Accepted Answer

Not automatically. Points and deductibility vary — consult a tax professional.

Question 3

What about cash-out refinance?

Accepted Answer

Increase the new loan amount by the cash-out to model a larger principal.

Refinance Calculator

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