Finance - Which to pay first?

[mosesbotbol]

Originally Posted by kydsid

8k for a refi. Damn I don't think I would have done that either. We did a refi in September. 4k total. 2.5 of which was buying a 1/2 point on the final interest rate.

I thought 8K was excessive as well. This was through the same bank I currently have a mortgage with. They also wanted a new appraisal when I had an appraisal with them 6 years ago when I refinanced. All property has gone up since then...

I ran some calculators and it looks by paying ~$500 extra towards principal will get the loan paid off in around 15 years and save almost 60K in interest. I am going to just stay on that path. 3.8% interest I am fine with for now.