Refinance Calculator
See how much you could save by refinancing your mortgage. Calculate your break-even point and lifetime savings instantly.
🧮 Refinance Details
Your Refinance Results
*Estimates only. Actual savings depend on credit, property, and current lender terms. Serving Texas & 40+ states.
When Does Refinancing Make Sense?
Key factors to consider before refinancing your mortgage
📉 Lower Your Rate
Generally, refinancing makes sense if you can reduce your rate by 0.5-1% or more. The bigger the rate drop, the faster you’ll recoup closing costs through monthly savings.
⏱️ Break-Even Point
Divide closing costs by monthly savings to find your break-even. If you plan to stay in your home longer than this period, refinancing typically makes financial sense.
📊 Remove PMI
If your home has appreciated and you now have 20%+ equity, refinancing can eliminate PMI—potentially saving $100-$400/month on top of rate savings.
💰 Cash-Out Options
Access your home equity for renovations, debt consolidation, or investments. Note: Cash-out refinances have different rules in Texas due to state law.
Should You Refinance?
Every situation is different. Adam & His Team will analyze your current loan and shop multiple lenders to find your best option—no obligation, no upfront credit check.
LET’S TALKRefinance FAQ
Common questions about mortgage refinancing
When should I refinance my mortgage?
Consider refinancing when you can lower your rate by 0.5-1% or more, when you want to remove PMI after reaching 20% equity, when you want to change your loan term, or when you need to access home equity for major expenses.
What is the break-even point on a refinance?
The break-even point is when your cumulative monthly savings equal your closing costs. For example, if closing costs are $6,000 and you save $200/month, your break-even is 30 months. Stay longer than this, and refinancing saves you money.
How much does it cost to refinance?
Refinance closing costs typically range from 2-5% of the loan amount, or $3,000-$10,000 on average. Costs include appraisal (~$500), title insurance, origination fees, and other charges. Some lenders offer no-closing-cost options with a slightly higher rate.
Can I do a cash-out refinance in Texas?
Texas has specific rules for cash-out refinances under the state constitution. Cash-out is limited to 80% LTV, and there are waiting periods and other restrictions. Adam & His Team can explain your options within Texas law.
Ready to See Your Options?
Adam Bartling—Army veteran and mortgage broker—will shop multiple lenders to find your best refinance rate. No obligation, no upfront credit check.
LET’S TALK