http://www.biggerpockets.com/renewsblog/2010/07/13/interest-rates-on-jumbo-loans-at-2003-levels/ Learn, Network, Invest Sat, 11 Feb 2012 20:37:50 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.biggerpockets.com/renewsblog/2010/07/13/interest-rates-on-jumbo-loans-at-2003-levels/#comment-84556 Dave Tue, 13 Jul 2010 23:45:12 +0000 http://www.biggerpockets.com/renewsblog/?p=14373#comment-84556 The key is to take the difference in payments between the existing mortgage and the proposed mortgage and divide that number into the closing costs (less prepaid items such as taxes, etc. that will be recovered from the existing impound account). This number will tell you how many months it will take to recover the closing costs. As long as you will be in the home for that period or more, it most likely makes sense. The key is to take the difference in payments between the existing mortgage and the proposed mortgage and divide that number into the closing costs (less prepaid items such as taxes, etc. that will be recovered from the existing impound account). This number will tell you how many months it will take to recover the closing costs. As long as you will be in the home for that period or more, it most likely makes sense.

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