Speaking with a bank about refinancing our ~$141,000, 30-year loan at 4.99% that we just started last September for a 3.99% loan. The two options are keep the same size loan and reduce our payment by $115/month at which point we would just invest that $115/month in VTSAX versus doing a cash-out refinance for $175,000 at 3.99%, keeping the same monthly payment we have now and winding up with $25,000 in our pockets for the cash out, which we would put into index fund investing. I ran it by my CPA and feel like he may have overcomplicated it... maybe because accounting is a bit different from investing... So I came to see what some of you thought.
Grateful for any input/advice/opinions.