Martin Tithonium (tithonium) wrote,
Martin Tithonium

Woulda been nice to hear back from the loan person today, but.. assuming the closing costs are about what I'm estimating, and assuming the monthly payment is about what I'm estimating, the new mortgage should end up... saving us no money at all.

Ok, that's not quite true. But once you take into account the fact that the amex will only get paid down about 25%, and we aren't paying on the siding at all yet, and I'm the only one paying on the heloc, and the new mortgage will be split roughly 60/40.. our total monthly outlays won't be changing anywhere near where they would have with the originally-planned loan. I /might/ end up with an extra $200 or so per month, which I'll either stick into savings or throw at the amex. I was expecting to come out with better than $500 extra, most of which would go into savings.

Le sigh.
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