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GOBankingRates
GOBankingRates
Sarah Sharkey

If You Had Refinanced Your Mortgage in 2016, You’d Be Saving $165K or More in Interest

Julia Sudnitskaya / Shutterstock.com

A mortgage refinance can lead to significant savings. Since a mortgage typically involves such a large balance, refinancing could mean saving thousands or even hundreds of thousands of dollars in interest over the life of the loan.

Let’s walk through the math of how much you would have saved if you refinanced your mortgage in 2016.

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