u/ImaginaryAfternoon32

WWYD?
Loan is $1.2M
Options are:

1. 7/6 arm at 5.625% (can pay $3600 to get to 5.5%)
2. 30 year fixed at 6.375% (see below for buy down rates)

6.250 @ 0.375 COST
6.125 @ 0.750 COST
6.000 @ 1.250 COST
5.875 @ 1.750 COST
5.750 @ 2.250 COST

How confident would you be that you could refinance in the next 7 years?

Have to decide TOMORROW