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Updated over 4 years ago,
Duplex Refinance Terms
I am curious what anyone else doing a similar refinance is seeing as far as terms. We are refinancing a duplex in Austin that has both sides rented, totaling $2650/mo. Our credit is slightly above 800. Current mortgage is 220k at 4.75% (monthly PITI is $1700).
I am looking at the 20 year fixed mortgage which would come out to ~$90 more per month. Here is the breakdown:
Would anyone mind sharing their thoughts on these figures? I'm excited the be able to pay close to the same amount/mo with a 20 year fixed loan. However, hopefully I'm not overlooking something. We plan to keep the duplex for a long time. Thanks in advance.
Thanks,
Kevin