Start with the reason for refinancing
You may want to change your loan term, compare a different rate structure or access equity. Begin with your existing balance, rate, payment and remaining term, then compare a written offer.
Look beyond a lower monthly payment
A new term can reduce a payment while increasing the time you pay interest. Include closing costs, financed fees and the time you expect to keep the loan. Cash-out borrowing reduces equity and increases debt secured by your home.
Make a practical comparison
Our payment and extra-payment calculators can help you explore scenarios. Request a full cost comparison before choosing a refinance; an estimate is not a rate quote or savings guarantee.