Which Mortgage Option Is Best for My Situation?

[Jason Scott]

Hi, I'm in the process of deciding between two mortgage options for a loan amount of $180,000 with a 30-year fixed-rate term, and I’d love some insight from the community. Here are the details:

**Option A:**

- Rate: 6.125%

- Credit: $2,300 towards closing costs

**Option B:**

- Rate: 5.7% 

  - No credit towards closing costs

I'm trying to determine which option is the better deal. Which option would you choose based on your experience and why? I'd appreciate any advice or insights!

~Thank You

[Chris Seveney]

@Jason Scott

I would also take the higher rate and put less cash at closing as the delta as mention is $50/mo which means as long as you refi in next 4 years then taking the credit was the better choice.

This is assuming the $50/mo does not have a significant impact on you and your finances.