My problem is I'm so close to pay off and the savings would only be a couple grand. I'm so f'n paperwork averse I'll pay thatMy accomplishment for the day is closing on a refinance of my home. I lowered the interest rate substantially, which decreases my monthly payments by $150, while also shortening my loan term by 2 1/2 years. Cash to close was less than one mortgage payment, and I also get to skip one month's payment between the old loan and the new loan. My calculations say this is saving me close to $50k by the time the loan is paid off. If you have been thinking about refinancing now while rates are super low due to covid, don't think any longer, just do it. Rates are already starting to creep back up, I locked my rate in while they were at rock bottom.