Hi user, your new loan has interest too, for that month. I doubt the new loan is any more than 300 less, at most. The difference is?what you would pay....300 to save 1000 works for me!
David makes a good point, if you talked to different companies on different days, and have not locked, then until you speak with them both on the same day and lock, these numbers are subject to change.
Source: http://www.zillow.com/advice-thread/Refinancing-Question/460896/
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