Your next step
A new payment. A considered decision.
Compare your current payment with a new loan, then put closing costs and your timeline into the picture.
Keep the whole picture in view
A plan that fits your situation.
A lower rate is not the same thing as a better loan. Closing costs, a longer term, and mortgage insurance that does not drop can eat the savings. Break-even is the month the payment savings have paid back the cost of the refinance. If you might sell before that month, the smaller payment is not the win.
- If savings never recover the cost, stop here
- PMI drop can be the real reason, not the rate
- No lock pressure from a 1-800 desk
A useful place to start
Refinance break-even
Compare monthly payment savings with upfront closing costs to see when a refinance recovers those costs.
Pays for itself—
New P&I—
Monthly savings—
Closing costs are paid upfront and no cash is taken out. Compares constant principal-and-interest payments only, excluding taxes, insurance, PMI, and lifetime interest. Extending a term can change total interest. Rates are illustrative.
A real person. A clear next step.
A number is a start. Let’s make a plan.
Bring your questions and the numbers you’re working with. Brandon will help you understand the options and decide what comes next.
