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General Landlording & Rental Properties

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Kevin Noell
  • Investor
  • Austin, TX
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Duplex Refinance Terms

Kevin Noell
  • Investor
  • Austin, TX
Posted Aug 5 2020, 06:07

I am curious what anyone else doing a similar refinance is seeing as far as terms. We are refinancing a duplex in Austin that has both sides rented, totaling $2650/mo. Our credit is slightly above 800. Current mortgage is 220k at 4.75% (monthly PITI is $1700).

I am looking at the 20 year fixed mortgage which would come out to ~$90 more per month.  Here is the breakdown: 

Would anyone mind sharing their thoughts on these figures?  I'm excited the be able to pay close to the same amount/mo with a 20 year fixed loan.  However, hopefully I'm not overlooking something.  We plan to keep the duplex for a long time.  Thanks in advance.


Thanks,
Kevin

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