My place to talk about home equity loan
Things like title fees, closing costs, appraiser and lawyer fees will be added up here. Make sure you include any penalties for paying off your original mortgage and any bank fees you will have to pay to obtain the new mortgage. Your next step is to figure out how much you will save each month with the new refinanced rate. Simply take what your currently pay each month and subtract your estimated new payment. Now you know your costs and monthly savings.