i was told otherwise, old man, but before the loan officer told me that i always assume it was like 40% interest the first year, and signifigantly less every year after.

my payoff right now is probably $4800 at about 7.5%. my bank could give me prime rate of about 4.2% If i save over a hundred dollars on the remaining 30 periods i think it would be worthwhile...don't you?