five years ago you bought a house for 171000 down payment 35000 took out a loan for 13600 interest rate 5.6 % fixed bank statement escow payment 232.78 principle and interest payment751.90 total payment 984.68 current loan balance 121259.44 you have no left over monthly money how much more a month in order to pay off your loan in 20 years instead of 25 is this reasonable. is it more or less reasonable to refiance your loan know if you refiance your momthly minium payments will be based on a30 year ioan still want to do it in 20. refinancing costs you a couple thousand dollars up front in closing costs also need to look at different interest rates