It would be more like restarting a race with a 50lb weight removed but applying the same amount of effort. If it was possible to be in a race with yourself carrying that 50lb weight, you would eventually catch up to your former self and pull ahead due to the decreased load. Being only 4 years in will certainly show a benefit if you:
1) Don't increase your balance
2) Keep applying the same amount as you were before.
Doing so will actually shorten the time to pay off.
You can get a 25 (or even a 26) year mortgage at the same rate as the 30 but the monthly savings may not be the same.
I'd be happy to "do the math" with you!
You can call me at 2152389400
Broker/Owner, Multi-state Licensed Real Estate Brokerage U S Spaces, Inc.
Managing Member, NMLS Certified Mortgage Brokerage U S Loans Mortgage LLC
215.238.9400 East Coast
415.683.6950 West Coast
2043 Locust Street Phila, PA 19103 215.829.8850 x201
4354 Perlita Ave Los Angeles, CA 90039 310-741-7179
Licensed Real Estate Broker PA- U S Spaces, Inc.
Real Estate Broker, CA Dept of Real Estate DRE#01507615
NJ Licensed Real Estate Salesperson- U S Spaces
U S Loans Mortgage LLC #51022
Licensed by the Commonwealth of PA Department of Banking,
Virginia State Corporations Commission, License #MC-4943, State of Florida
California licensed with Signet Mortgage, NMLS# 168365, DRE#01403423
Personal Virginia Mortgage License #MLO-523VA
NMLS Test Certified National License #133975
http://usloans.com for live rates and online mortgage applicationï¿¼