The refi is complete! Whew! I didn't think it was going to go through for a while yesterday - not because of anything we did (or didn't do) but the banks & title companies are so overwhelmed right now with everyone refinancing that things are generally chaotic.
The good news is, we had to come up with about $800 less that we originally thought. Which isn't a TON but was enough to make things a little less tight around here.
Our mortgage is now $6k less than it was; our monthly payments are almost $200 less. Our taxes will be going down a little bit too because I had the city accessor come out and reappraise our house (our appraisal & our tax statement were off by about 7%) - it won't be a ton but hey, I take what I can get.
Now we only need to come up with another 10% of our mortgage to drop the evil PMI. I can't wait! Of course that'll take quite a while but a lot less since yesterday. We also make two payments a month which turns out to be an extra payment a year - which cuts about 6 years off the mortgage and A SH*T TON of interest.
The best part? No mortgage payment due til July 1! whohooo! That feels REALLY nice. (even if we did spend all of our savings yesterday....)