Old rule of thumb was that you need to save at least 1% and plan on staying where you are for 10 years. If you meet those criteria then it may be worth doing, but you may be ahead to take the $2500 in refi fees and put it on the principal of your current loan. Make up an amortization spread sheet on excel and see how much difference it makes.


A true sportsman counts his achievements in proportion to the effort involved and fairness of the sport. - S. Pope