With mortgage rates changing, now might be the perfect time to refinance. Use our calculator below to see your potential savings in under 60 seconds.
Enter your current mortgage details to see how much you could save. No personal information required—just honest numbers.
All calculations are estimates based on current market rates
Refinancing can help you achieve multiple financial goals—here's how it can benefit you
Reduce your interest rate and monthly payment, freeing up cash for other financial priorities or investments.
Switch to a shorter term (like 15 years) to build equity faster and become mortgage-free sooner.
Cash-out refinance lets you tap into your home's equity for home improvements, debt consolidation, or investments.
Move from an ARM to a fixed-rate mortgage for payment stability and peace of mind.
If your home value has increased, you may be able to eliminate private mortgage insurance and save money.
Roll high-interest debt into your mortgage at a lower rate, simplifying payments and saving on interest.
Here are the most common scenarios where refinancing can save you money
If current rates are 0.5% or more below your current rate, refinancing could result in significant savings over the life of your loan.
A higher credit score since you got your original mortgage can qualify you for better rates and terms.
If your home has appreciated, you may have more equity to work with and could eliminate PMI or get better terms.
Whether you want to pay off your home faster or need to lower your monthly payment, refinancing can help.
If you have an adjustable-rate mortgage that's about to adjust, refinancing to a fixed rate can provide stability.
Consolidating high-interest debt into your mortgage can save thousands in interest charges and simplify your finances.
Let me verify your numbers and find you the absolute best rate available
Closing costs typically range from 2-5% of the loan amount. However, you have options: depending on current market conditions and your loan scenario, lender credits may be available to offset or cover your closing costs entirely. Alternatively, these costs can be rolled into the new loan. I'll help you understand all available options and determine which approach makes the most sense for your situation.
Most refinances close in 21-30 days. With all your documents ready and good communication, we can often close even faster.
A refinance may cause a small, temporary dip in your credit score, but the long-term benefits of lower payments and interest savings far outweigh this minor impact.
Yes. While 20% equity gives you the best rates and avoids PMI, you can refinance with as little as 5% equity on conventional loans, and even less with FHA loans.
It depends on your break-even point—how long it takes for your savings to exceed closing costs. If you're moving within 2-3 years, refinancing may not make sense unless you're doing a no-closing-cost refinance.
You won't truly "skip" a payment, but the timing of closing can give you up to 45 days before your first payment is due on the new loan, providing some cash flow relief.