Can't wrap my head around the numbers tonight
I have 2 loan options 1 is 468k at 4.375
the other is 417k (non jumbo) at 4.25% I know the rates are high, and i'll refinance it later.My loan officer has been taking care of me for months and very nice.So i'll stick with these rates because i am happy with them.. OK now that disclaimer is over. My question is this... How much money do i save over the course of the loan with the combined 4.25% and lower loan amount of 417 vs 468k.
I am anticipating on paying this off sooner than later.So i'll make extra payments when i can.