“get them to lower the closing costs a bit and go for it!”
How much give would you guess there is? $500?
Do you think offering to refi 4.875 with $1800 closing would fly?
That’s just about exactly what i was thinking.
You might even START at 1300-1500 and “give in” up to 1800
Oh, and a shorter term... 15 years or less if you can handle the payment will save you a LOT of money in the long run.