Our “Mortgage Refinance Savings Calculator” shows the total savings you can expect if you were to refinance your current mortgage to a lower rate mortgage.
You can also factor in reasonable closing costs and appraisal fees. Generally, it’s a good idea to factor in closing costs between 1% to 2% of your loan amount and an appraisal cost of between $570 to $900.
The use of this calculator and/or the simulations does not constitute or imply an offer to extend terms as simulated. If you’re interested in getting a personally customized loan estimate, please complete our loan application
This calculator provides for basic costs and fees, there may be other costs and fees based on your individual circumstances, property type and other factors. It’s always best to review your situation with your loan officer to get the clearest picture when making any decisions.