Refinance a Home Equity Loan

If you're refinancing in this market where you're trading a low interest loan for a high interest loan because you want to do a home improvement or because. you want to go on a vacation, you need to understand how costly that can be again let's look at a case studyLet's say kimmy and jimmy each take out a 30 year mortgage for 250 000 at 5% interest kimmy pays 1,342 per month over 30 years so the total that kimmy will have paid is going to be 483 138 dollars jimmy on the other hand slips into some legal trouble we don't know what he got into but he had to get himself out of