Update on refinance:

Received our paperwork today from Federal Express, to look over, sign, and return. Our interest rate is currently 6 percent, and with the closing, we would have an interest rate of 3.625, on a 15 year loan, our payments would be 845.00 a month, from 640.00 a month, and saving thousands interest, along with 7 years off our loan. This would be a fixed rate with no complications. Right now, I would pay closing costs, which would not put me in the bucket per say, but it would empty my savings account.