Psychiatric Help 5¢
Congratulations! In five years you’ll be laughing because it will seem so cheap. If rates go down enough next year you can refi and likely pull money to pay off your remodel. Save a bit for paying down points.
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To everyone reading this: PLEASE DO NOT PULL EQUITY out of your house to pay for disposable or depreciating assets.
You will also probably not get the value of your remodel in equity, but you will enjoy it. So do it early, pay it off, and enjoy your house.
Also… Don’t take financial advice from pilots. That’s like taking medical advice from a Las Vegas juggler.