worried about all my fees/closing costs, not sure if fha/rifi w/discount pts. is worth it now?is this too much

Deal Score0

pay off 275,000
new loan 293,000
financing 281,000, rest is closing cost:
4404 in discount pts.
2893 origination fee
4339 mortgage funding fee
other normal escrow funding and fees are normal
rate 5.85,new payment 2,100, old payment 2550
Should I walk away, supposed to close tomorrow..so unsure of rolling all this into our mortgage and using that much equity to save 450 a month. I am not paying any money up front on this loan, was approved for conventional but my appraisal was 300,000, which may be too low now for this refi.

We will be happy to hear your thoughts

      Leave a reply

      Register New Account
      Reset Password