silly me I goofed and couldn't get the previous message in. I have done all the math. My husband is an engineer and I am studying accounting (currently taking a class on Corporate Finance) I know the standard deduction for married filing jointly is $7600 If we refinanced, our new itemized deduction would be $8200. Down from the $10,800 we filed this year. I just want someone to help me understand my husband's logic in not wanting to refinance. I KNOW we should, but he doesn't want to. In this one case he is looking short-term rather than the long-term effects of refinancing.