Our refinancing calculator is designed to take into account refinancing costs, current interest rates, and how long you plan to stay in your home.
If your mortgage rate is higher than current market rates, it may be beneficial to refinance.
A lower rate or longer term may help lower your monthly payment.
Refinancing to a mortgage loan with a shorter term might be a good choice. You’ll pay it off sooner and pay less in interest.
With a cash-out refinance, you can tap your home’s equity to get funds for whatever you choose. This is also a good option for consolidating debt.
Where can I find rates?
Since they are personalized based on your credit history, rates can vary quite a bit. If you’d like to learn what your rate would be, scroll down and reach out to a home loan officer today!
Check Rates & Get More Information
Get more out of your home’s equity
You may qualify for a cash-out refinance for up to 90% of your equity — most banks will only lend to 80% — and at a competitive rate. For example, suppose your home is worth $250,000, and you currently owe $100,000 on your mortgage. With a 90% cash-out refi, you could finance a new mortgage in the amount of $225,000 (or 90% of your home’s value) and get $125,000 of it in cash.
What can an extra 10% do for you?
Contact an expert near you
Loan products subject to credit approval.
