Time to Refinance Your Mortgage?
|
Your Current Mortgage Balance |
Your Potential Interest Savings:1 |
||
With a .5% lower rate |
With a 1% lower rate |
With a 2% lower rate |
|
| $50,000 | $2,2662 | $4,5776 | $9,33110 |
| $100,000 | $4,5323 | $9.1547 | $18,66211 |
| $150,000 | $6,7984 | $13,7328 | $27,99312 |
| $200,000 | $9,0645 | $18,3079 | $37,32413 |
1Advertised interest savings based on a 180 month term with a fee of $757. Savings calculated over the life of the loan.
2From 4.375%APY/4.60%APR with payment of $379.31 to 3.875%APY/4.097%APR and payment of $366.72.
3From 4.375%APY/4.488%APR with payment of $758.62 to 3.875%APY/3.986%APR and payment of $733.44.
4From 4.375%APY/4.45%APR with payment of $1,137.93 to 3.875%APY/3.949%APR and payment of $1,100.16.
5From 4.375%APY/4.431%APR with payment of $1,517.24 to 3.875%APY/3.931%APR and payment of $1,466.88.
6From 4.875%APY/5.103%APR with payment of $392.15 to 3.875%APY/4.097%APR and payment of $366.72.
7From 4.875%APY/4.989%APR with payment of $784.30 to 3.875%APY/3.986%APR and payment of $733.44.
8From 4.875%APY/4.951%APR with payment of $1,176.45 to 3.875%APY/3.949%APR and payment of $1,100.16.
9From 4.875%APY/4.932%APR with payment of $1,568.99 to 3.875%APY/3.931%APR and payment of $1,466.88.
10From 5.875%APY/6.11%APR with payment of $418.56 to 3.875%APY/4.097%APR and payment of $366.72.
11From 5.875%APY/5.99%APR with payment of $837.12 to 3.875%APY/3.986%APR and payment of $733.44.
12From 5.875%APY/5.953%APR with payment of $1,255.68 to 3.875%APY/3.949%APR and payment of $1,100.16.
13From 5.875%APY/5.934%APR with payment of $1,674.24 to 3.875%APY/3.931%APR and payment of $1,466.88.
