Line up refinance options. Show points and cash to close.
Compare two paths side by side: FHA vs FHA, FHA vs Conventional, fixed vs ARM, and more. Each option has its own max LTV so you can see how much closing costs and points roll into the loan, and what he brings to closing. Download a branded PDF. Estimate only.
Refinance details
Compare two refinance options. Pick the program and fixed or ARM on each side. Max LTV sets how much closing costs and points can roll into the new loan. The rest is cash to close.
Options
Set program and structure on each side (FHA vs FHA, FHA vs Conventional, fixed vs ARM, and so on).
Side-by-side
Updates live as you type.
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When does a refinance make sense?
A refinance makes sense when the savings or benefit outweighs the cost within the time you plan to keep the loan. Common reasons are a lower rate, dropping FHA mortgage insurance by moving to conventional, shortening the term, or taking cash out. Divide total closing costs by monthly savings to find your breakeven.
Written by Keith Lopez, NMLS #2814077. Educational estimate only, not a commitment to lend.
Common questions
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Can I roll closing costs into the new loan?
Often, yes, as long as the new loan amount stays within the program's loan-to-value limit. Rolling costs in lowers cash to close but raises the balance and the payment slightly.
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Should I refinance from FHA to conventional?
If you have enough equity (usually 20% or more to avoid PMI) and your credit has improved, moving to conventional can remove FHA mortgage insurance. Run both options in the tool to compare the full payment, not just the rate.
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What is the difference between fixed and ARM options?
A fixed rate stays the same for the life of the loan. An ARM has a fixed period, often 5, 7, or 10 years, then adjusts with the market within set caps. ARMs can start lower but carry payment risk later.
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How soon can I refinance after buying?
Rules vary. Rate-and-term refinances can happen fairly quickly on many programs, while cash-out refinances and FHA or VA streamlines have seasoning requirements. Ask before assuming a timeline.
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Does a refinance restart my loan term?
Yes, a new loan has a new term. If you are several years into a 30-year loan, consider a 20- or 15-year term, or keep making your old payment amount to stay on schedule.
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Is this a refinance quote?
No. It is an estimate only, not a pre-approval, a rate quote, or a commitment to lend. Real pricing depends on your credit, equity, loan amount, and program.
Read more before you run the numbers
- Tips & Advice HELOC vs Cash-Out Refinance: Which Option Fits Your Situation? A HELOC lets you tap equity without touching your existing mortgage rate, while a cash-out refinance rolls everything into one new loan. Here is how to think through which option fits your situation.
- Tips & Advice Refinance Break-Even in North Carolina: How to Know If the Numbers Work Before you refinance in North Carolina, run the break-even math. This guide explains how to compare closing costs to monthly savings so you can decide if the timing makes sense.
Try another calculator.
All of these run in your browser. Estimates only, not a pre-approval or rate quote.
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Payment calculator
Ballpark monthly principal and interest from a home price.
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Home affordability
Estimate a home-price range from income, debts, and down payment.
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Rent vs. buy
Compare estimated renting costs to buying over a set number of years.
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Rate options
Compare rates with and without points, including monthly savings and breakeven.
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Property compare
Compare up to three homes and download a payment breakdown PDF.
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Program compare
Pick any 2 to 4 programs, including FHA 20 vs FHA 30 or a doctor loan, and compare cash to close.
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Want the numbers checked against live pricing?
A free Mortgage Strategy Session lines up program, structure, points, and what to bring to closing.
Keith Lopez, NMLS #2814077 | NEXA Mortgage, LLC, NMLS #1660690 | Licensed in NC, SC & GA | Equal Housing Opportunity