Interest rate on 40 down on 970k home

Marvell nevE34
May 10 13 Comments

Hi i have done 40% down payment on 970k home.
I currently have 10 ARM with chase at 3.875%.

Will refinance take it down? What are costs with refinance?

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TOP 13 Comments
  • Druva / Other KvOF35
    If you have assets, you can get better rates. If you are willing to move 500k to wellstrade and get .25 off the mortgage from Wells Fargo. Don't move money until offer. You can own stocks in the account.
    May 11 0
  • Facebook public2
    Yes and closing costs.
    May 10 0
  • Druva / Other KvOF35
    3.25 30 fixed from bofa this morning, with 3100 credit towards fees
    May 11 2
    • Google YAPTRF
      O o.
      Did rates drop this much? Or is this with the 40% down
      May 11
    • Riverbed Technology WAWX65
      How much is loan amount and property value ? 3.25 for 30 ur fixed is very low
      May 11
  • Marvell nevE34
    OP
    What is type of loan?
    May 10 1
    • Synopsys / R&D wtf_snps
      7/1 arm. They also offered 4.25 for 30 years fixed ( no cost)
      May 11
  • Marvell nevE34
    OP
    Thanks all! Interest dropped so low i think i might get 3.5
    May 11 0
  • Moody's vacedm
    It depends on your risk tolerate, but I’d refi cash out to max LTV. Invest the cash you receive. Any closing costs add to the loan.
    May 11 0
  • Yahoo Andhadhoon
    3.5, 10 ARM for 765K loan amount, no closing costs with Chase
    May 11 0
  • LinkedIn / Finance ZerotoIPO
    3.75 with Wells Fargo 800K 30 year
    May 11 0
  • Synopsys / R&D wtf_snps
    I go 3.625 on 1.4m with no costs (BofA)
    May 10 0
  • Marvell nevE34
    OP
    I paid 3k closing cost only
    May 10 0