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Closing costs on a refi should not be that high. They shouldn't even be half that amount.

I was on a 22-year loan and I refinanced back into a 30-year to get a lower interest rate. I add an extra payment each month to principal so that I'm paying the same monthly payment I paid on the 22-year mortgage. This way, with the lower rate, I'll be paid off even quicker than the original 22 years.

I'd definitely check into and look closer into closing costs.
 
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