Bob wrote:

- quote -

Any analysis would need the balance for each, as well as the new fixed
rate you'd get. 4-7/8% is a great rate, a sin to lose it. And if your
loans are, say $100K/20K you'd come out ahead initially, i.e. saving
interest up front, but trading that short term HELOC for longer term
debt. It really hinges on what your new fixed rate would be. Of course,
if it's the same, or a bit higher, the numbers may work in your favor.
Sounds like you need to play with a spreadsheet.
Joe

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Hi,
We have a 1st mortgage at a great rate (4.875). We also have a home
equity line of credit that is about 6.5% these days, and we're just
paying the interest. Although we are not completely done with our
home project, we are wondering whether we should just refinance the
whole thing now. I can't find a calculator online that will compute a
1st fixed mortgage and a heloc. Anyone know of any?
Thanks so much for any help.

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to keep the conversations on-topic for financial planning. Other posting
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which we respond. For all of the other tips and suggestions, see "FROM THE
MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the
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