Actually, through pen fed it is only 4.25%. It was not such a arm breaker. At the present I am doing either the 3.99 @60 months or the 4.75 @72 months. It just depends on what size deposit I am putting down. Currently I have saved 12k, but my porch is in need of repairs.
I could put down pretty large lump sums each year to have it paid off in five without the need to refinance a balance, but if something were to come up unexpected this would give a little breathing room. I am not strapped by any means, but thought it might be a good idea with a contingency if something bad were to happen.
Any thoughts based off this info?
https://www.penfed.org/productsAndRa...SaverLoans.asp