I can save $172 a month if I refinance my mortgage, but is it actually worth it in the end? What homeowners need to know

Generally, saving money is a no-brainer, especially when it comes to your mortgage. But when it comes to refinancing your home, saving a few hundred dollars on your monthly payment might not be as good of a deal as it seems. Imagine a homeowner named Nati who wants to refinance her original $320,000 mortgage at 6.5% after three years. She was offered a new rate of 6%, with closing costs of$ 4,000 plus fees, and the loan would be reset to a 30-year term. Her monthly payment would go from approximately $2,0 ...