Our mortgage payment has been reduced by $298/month. It’s a no cost loan and we may even end up with some extra money in our pocket. We’re having to write a check to cover some escrow amounts, but we’ll be getting refund checks from our old mortgage company in a few weeks.
Such a hassle (it took three attempts) but it was well worth it! In fact, we ended up with a better rate than we were locked in for the two earlier times. So, all in all, we’re really pleased!