Mortgage Refinancing Guide
Learn when and how to refinance your mortgage to save money, change terms, or access your home's equity. Get expert guidance and use our tools to make informed decisions.
Lower Rates
Reduce monthly payments
Change Terms
Adjust loan length
Access Cash
Tap home equity
Remove PMI
Eliminate insurance
Smart Refinancing
Refinancing can save thousands over the life of your loan when done strategically. Use our tools to analyze if refinancing makes sense for your situation.
Current Refinancing Market
6.8%
30-Year Fixed Rate
Current average
0.75%
Rate to Refinance
Minimum savings
24-36
Break-Even (Months)
Typical timeline
$3,000
Average Closing Costs
For refinancing
Refinance Savings Calculator
Current Loan Details
$100K$1M
3%10%
New Loan Details
3%10%
$2K$20K
Analysis Results
Current Payment
$2,212.238
New Payment
$1,987.262
Monthly Savings
$224.977
Savings per month
Break-Even Point
36 months
Time to recover closing costs
Refinance Recommendation
Highly Recommended - Great opportunity to save money
Qualification Factors
Rate Improvement1.00%
Break-Even Timeline36mo
Loan-to-Value77.8%
Credit Score740
Frequently Asked Questions
Ready to Explore Refinancing?
Get personalized refinancing recommendations from Warren AI based on current rates, your financial situation, and market conditions.