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Updated over 4 years ago,
need help deciding on refinance offers
Hello, I have two offers of refinance on my primary home and cant figure out which one is better. I am confused about the APR.
Loan amount:650k
First offer:
Interest rate: 2.75%
APR: 3.011
Closing cost: $1450
Second offer:
Interest rate: 2.875%
APR:%2.976
closing cost: $400
I greatly appreciate your input. I need to decide very soon. We plan to keep the home for more than 5 years. Maybe 10-20 years.
Thanks