I got 30 years loan for 232K two years ago with interest rate of 4.25% and now I am planning to refinance again for 15 years. Financial company mentioned they can provide interest of 2.85% but the problem here is if I sum up all the amount then whatever I paid this two year is waste because I end up in loan amount more than my previous loan amount. Any place that I can save some cost? My credit score is good and I never missed any point. Your help is highly appreciated.
Purchase Price/Payoff $226,500.00 Total Estimated Closing Costs $3,113.25 Total Est. Reserves/Prepaid Costs $886.46 Discount Points $4,710.00 Total Costs $235,209.71 Loan Amount $235,500.00