Well my rehab, the monthly payment was the same. After rehab it went down.
For two reasons- 1 I consolidated two federal loans into 1 and the interest rate was now lower. My one loan was a fixed 5% which 6 years ago was Amazing. Now not so much I got my rate fixed at 3% which is saving quite a bit. I'm making the same payments as I was before so that I can pay it off long before the 20 year mark (thus taking actual advantage if the 2% lower rate)
For two reasons- 1 I consolidated two federal loans into 1 and the interest rate was now lower. My one loan was a fixed 5% which 6 years ago was Amazing. Now not so much I got my rate fixed at 3% which is saving quite a bit. I'm making the same payments as I was before so that I can pay it off long before the 20 year mark (thus taking actual advantage if the 2% lower rate)
