Refinancing Options from a 5.1% loanThe statistics:Purchased Price: $345K - 10K seller closing helpOriginal Loan Value: $300KCurrent Loan Value: $280KCurrent loan rate: 5.125% APRCurrent Home Value: Zestimate is 310K but comparable recent sales are closer to 360KGoal loan rate: 4.125% APRGoal closing costs: $0So I might be dreaming here, but I wouldn't mind saving a couple hundred dollars a month if the current refinancing market will allow it. I would want to maintain or improve the terms of the loan I have now (25 year, fixed rate, no prepayment penalty, online payments) but I may be flexible to options. My goal is to free up more cash for paying down principal without the commitment of a 20 year loan. Any advice, or a solid reality check, would be appreciated.October 01 2011 - White Oak00YesReport 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.