+1 vote
My mortgage company wants me to refinance adding 59.00 per month in PMI.  My rate will go down, but that is countered by the increase from PMI.  I pay late (last day of the month) so it will help clear that up and get me to paying at the right time again, but i will be paying $13k in PMI over the rest of the 20 years of the loan.
asked Jul 25 in Refinancing by kh

1 Answer

0 votes
It depends how much net tangible benefit you will get. What will your monthly savings be?
answered Jul 31 by GustanCho (106,540 points)

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