[xyzzy123]

Yeah the "whats my monthly" being about the same doesn't quite capture what's happening though.

Compare what happens when you get a raise or a small windfall and try to pay your mortgage off early.

I'd pick "small amount, high interest" over "massive amount, low rates" if that were an option.

[sokoloff]

That option requires governments to not be printing massive amounts of money, though.

I am planning to refinance again (back to a 30-year mortgage) and won't be in any hurry whatsoever to pay it off early. Borrowing money at 3% nominal with the (hopeful) prospects of economic growth allowing inflation to return means that I expect/hope to be borrowing that money at negative real rates in the back half of that loan.