MrNewEngland
Full Member
Cash: $ 20.85
Posts: 98
Joined: 04 Nov 2009
Location: The QC
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I wonder if the $700/month "savings" is from the refi and the new loan doesn't have an escrow for the taxes. In the OP's first post she said something about the $700 saving would include taxes. I thought this was odd since taxes won't change based on a mortgage.
You should look into this. If you're counting $275/month not going to an escrow as savings you will be in for a rude awakening at the end of the year.
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