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Should I recast $2k mortgage or pay it off early?
Should I recast $2k mortgage or pay it off early? I refi'd in 2020 with a 20 year fixed @ 3% (was 3.75% ARM, phew!). Over the past couple years I have made a few large payments to the principal.
The remaining balance on the loan is $88k.
Current monthly payment is $1934 Recast payment would be ~$1450 Maturity date of loan is 5/2040 If i do not recast, i will pay it off in 2031 or so, i think...
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