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