* edit - @ BeeGreen: At 6.25%, P+I = $615.72 for every $100,000 Assuming you refinanced that same $100,000 @ 4% for 20 years, the P+I = $605.98 It'd be worth looking into. I moved in June, got 3.75%/30 years from my credit union. Could have paid cash, but can make at least double the interest rate, after tax, by investing. It's basically free money.