You are paying so much per month in principle now - it may not be worth the expense of the refinance.
It seems as if you have been paying down the loan quickly. Is it really worth it?
Check with a mortgage banker and have them run the numbers.
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Scott Miller, Realty Associates, Boca Raton, FL
I'm a licensed mortgage lender and Realtor in Washington, but not PA. Not knowing what you originally financed, or what your current payment is, itâ€™s difficult to say. A rough estimate of principle & interest on $73,000 with some closing costs added in would put a new Principle & interest payment around $536 on a new 15 year mortgage at around 3.5% (around 4.169% APR)
You will need to speak to a local Mortgage Lender to find out if you qualify for a similar program or what they might have to offer. You might save some money with a refinance, but your term would start over at 15 years unless you found a shorter one. You could also prepay on the new loan, which generally shortens your term.