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Selling, Refinance, Etc  Form

Selling, Refinance, Etc Form

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ali is with us in houston texas hey ali welcome to the dave ramsey show hey dave how you doing better than i deserve how can chris and i help i'm actually going through a refi right now i'm going from a 30 year to a 15 year and i'm just having trouble calculating my break-even point because you're trying to use the payment use the use the interest rate difference what is your current what is your current interest rate and what will your new interest rate be my current interest rate is 3.75 and the new 15-year will be 2.125 okay so we got 1 875 difference right did i do that right uh one six three yeah one one six i can't do it okay uh crap i'll round it all right so let's call it one and a half spread all right what's your balance my balance right now is 358 okay so every one percent you save is 3 500 a year and so we put another 1750 on top of that and so we're at 4 500 or so 4 600 bucks right and so we're

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