Your monthly picture
Compare principal and interest using your remaining balance and term.
REFINANCINGLife moves forward.
Life moves forward.
Explore what could change.
Look at payment, term and costs together. A lower payment is one part of a bigger picture.
A LITTLE MARKET CONTEXT
The bigger picture.
U.S. weekly mortgage rate averages
Checking the latest reference…30-year fixed—
15-year fixed—
Source: Freddie Mac PMMS® National averages for market reference, not Leon & Associates loan offers or APRs. Your rate and costs depend on your circumstances and loan terms.
Use an average to explore your alternative loan scenario.
MAKE IT YOURS
A little clarity. A big first step.
Taxes, insurance & other monthly costs
YOUR ESTIMATED SCENARIO
-$635
Monthly principal & interest reduction
New monthly P&I$2,532
Simple break-evenNo break-even
A longer term may increase total interest. Costs assumed paid upfront; not a full refinance recommendation.
Talk through my optionsEducational estimates only, not a loan offer, quote or preapproval. The 6.5% starting rate is an illustrative input, not a current advertised rate. Enter your own taxes, insurance and mortgage insurance; defaults may not reflect your situation. Calculations stay in your browser.
The cost of changing
Include closing costs and examine how long it could take to recover them.
The longer view
Compare total interest and time in the loan, not only the monthly payment.