That's just perspective. The loan is 30 years. The monthly payment never changes right? So you can think of monthly payments as flat principle + interest that's constant.
It's the same thing. The only difference is in taxes.
If you refinance your monthly rate goes down. And you get a tax break.
It's the same thing. The only difference is in taxes.
If you refinance your monthly rate goes down. And you get a tax break.