<PRE><B>Question 772810</B>
You are paying way too much interest. With decent credit, you should be able to
refinance at an interest rate of 4% or less. The escrow payment does not figure
in this
A quick calculation: To pay off $131,000 in 20 yrs (240 months) at 4%, the
monthly payment is: $794 (plus your escrow), less than you are paying now.
:
Go to a bank or a credit union find out what kind of interest rate they will offer
You can shop around for this but stay away from those loan sharks on TV that offer
wonderful interest rates. They add hidden fees to the loan, they are real good
at screwing you.

Good luck </PRE>