Refinance Good deal or bad?Currently owe about $219,920.00 @ 5% interest rate. Current Monthly mortgage is $1,228.00. Mortgage is 2.5yrs. It is a detach condo. I do plan on living there for at least 5 years. I am trying to do a no cost loan, but depend on the appraisal i might have to make up the different cause my loan can't be more than 80% of the home value. Here is the Good Faith Estimate:Your Initial loan amount: $224,000Interest Rate: 3.625% (Could change since it is not lock) also depend what the appraisal price isMonthly Payment: $1,021.55Total Estimated Settlement Charges: $4,941.961. Origination charge: $5,365.002. Credit or charge (Points) for the specific interest rate chosen: -$4,699.52 @ 3.625%Total Adjusted Origination Charges: $665.483. Required services that we select: Appraisal $4754. Title services and lender's title insurance: $1,050.005. Government recording charges: $175.006. Initial deposit for your escrow account: $2,042.567. Daily Interest Charges: $22.2466 x 24 = $533.92Total Charges for All Other Settlement Services: $4,276.48Thanks in advance for the response.July 14 2012 - Everett00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.