I bought my house in June of 2011 for 45,000 via FHA. I borrowed 43,000, my interest rate is 5% for 30 years. My payment is $453.21. I've paid it down to 26,500 and plan on having it paid down to 15,000 by June. If I refinance at that time how much money per month would I save roughly? I want to go part time at work so I can go back to school. I may borrow an addition 3,000 to 5,000 to replace my furnace.
Read more: How much will refinancing the remaining 15,000 to 20,000 left on my mortgage save me?