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When to Refinance? Any thought frameworks?

We Refinanced in Dec 2019 to a 30-year loan at 3.75, and Refidesk is saying we can get a 3.25 it looks like.  We have a Jumbo Loan so the .50% rate difference is a big monthly saving.  I am not sure about the cost though, Refidesk is saying 5,500.  If it costs 5,500 then it makes sense to refinance right? It just seems like I refinanced recently. Any train of thoughts around correctly think about this? 

Last edited by CJ H.
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