Refinance, a discussion.
Things like title fees, closing costs, appraiser and lawyer fees will be added up here. Double check with your current bank to see if you will be saddled with any penalty fees for paying off your current mortgage earlier than originally anticipated. Next, determine what your estimated savings would be under the new interest rate. Do this by subtracting the anticipated new monthly payment from the current one. You now have your anticipated refinance total and your anticipated savings.