Mortgage Rates – ReFinancing?

I come to you looking for an answer banker seems too vague and untimely death of me answering my questions. My wife and I recently closed a 30-year mortgage rates us 6. 025%. With rates lower and lower, we asked our bank if we could refinance at a lower rate (approximately 5%). He said that basically cost us more in the long term. I can not understand how he came to that. Assuming a discount knock off, say $ 120 a month (usually paying around $ 1625 / mth) How would you end up paying more than 30 years? This means that we continue to pay approximately $ 1,600 / mth budget should be; Let me know guys. . . my bank recently pulled its tracker mortgage “rate” from the site, apart from an already huge list of complaints I creditore.Precisazione / update:-We have built a new house was under construction from the windows to the past when June, when we locked in our 6. 025% tasso.-We live in less than 2-anni. The banker spoke today to my wife (I should add, just remember:-We are a new credit “gap” in the bank … something just came to do, as seen in recent months. He said the bank added in a parentheses after some of these mortgages (sp?) could not complete the payments … it is more strict on their loans (we were on time payments, plus extra for top) .- He said the bank had said we have a different mortgage tax (?) than when we went from design.-this time (banker says) they are just 6. 3%, but believes that the new plan Obama, if invoked, would reduce speed with the band «enormemente. Our ‘plan to retire, and live at home the rest of our lives (60 + years)-Any suggestions on where to go?