is it worth it to refi to a 15yr loan at 2.75i owe 85000 left on my 30yr at 4 percent , 22 yrs left , value 131000 house

It depends on what you are trying to accomplish.

If you intend to stay in the home for the duration, I would say yes. If you anticipate moving in the next few years, I would say probably not.

Probably, but it depends on several factors. Generally, if you plan on living in the home or keeping this loan for at least 5 years, the new loan is NOT an FHA loan, If higher, the new payment is not uncomfortable, then answer for reducing the rate from 4.00 to 2.75 on a shorter term would likely make sense. Calculate the remaining payment obligation. Multiply the Principal & Interest payment times the remaining number of payments. Then multiple the P & I payment for the new loan and times it by 180. The difference is the overall interest you are saving by shortening the loan. This should be at least twice the closing costs you incur to do the refinance. I other words, you should be saving at least as much in interest, plus recouping the costs of the refinance in the savings. ~ Bert Carpenter, The LoansA2z Team of NEXA Mortgage ~ NMLS 40586 ~ Licensed in Arizona, California, Georgia, Oregon and Washington ~ www.ApplyYes.com 480-889-9000