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well done, how do you feel about it? Did you switch to variable or another fixed rate term?

I agree psychologically but financially this will play out over the next 12 years. If you switch to variable then any saving would be artificial and may end up costing you more. Loan Amount 395K Current Rate 8% 5 Year Fixed rate 5.49% Difference is 2.51% Savings over 5 years 49,572...

If you are going to break the fixed rate are you going to move to variable? or another fixed rate? If you are moving to variable you need to consider that the savings you might work out today might not actually be what you get over the fixed rate term you are breaking. An example is if you are...