DirectMyLoanRefinance Calculator

Refinance Calculator

Compare your current situation vs. a proposed refinance

Name is pulled from your CRM when sending via text.

STEP 1CURRENT MORTGAGE
$
%
yrs
Optional — used to validate against county-specific loan limits.
$
$
$

No PMI (LTV ≤ 80%)

P&I PAYMENT

$2,042.50

Total PITI: $2,042.50

REMAINING TERM

25.8 yrs (310 mo)

CURRENT BALANCE

$329,410

STEP 2DEBTS TO CONSOLIDATE
$
$
$

Est. rate: ~18.0%

$
$
$

Est. rate: ~20.0%

$
$
$

Est. rate: ~18.0%

ⓘ Debts are not included in Rate & Term refinance calculations. Switch to Cash-Out in Step 3 to consolidate them into the new loan.

Estimated rates based on common credit card minimum payment formulas (1% of balance + monthly interest). Actual APR may vary by issuer — check your statement for exact rates.

REFINANCE TOTALS — MORTGAGE ONLY

REFINANCE BALANCE

$329,410

Mortgage only

BLENDED RATE (WEIGHTED)

5.75%

Mortgage rate (no debts blended)

CURRENT PITI (MORTGAGE ONLY)

$2,042.50

P&I + taxes + insurance + MI

TOTAL MONTHLY OUTFLOW

$2,932.50

Full PITI + all debt payments

Consumer debts not included in refinance: $35,000 ($890.00/mo). Switch to Cash-Out to roll them in.

STEP 3PROPOSED REFINANCE — THREE SCENARIOS

Refinance Type

Auto-detected: debts or additional cash requires cash-out

What's your client's goal?

$
$
$
yrs
$
$
$

No PMI expected (LTV ≤ 80%)

Highest loan-to-value across all scenarios61.9% LTV
0%95% limit100%

✓ All scenarios within 95% LTV (rate & term, Conventional). Max allowable: $522,500.

Option A — Lower rate

Higher points, better rate

%
pts
New loan amount$340,588
Points cost (rolled in)$6,678
LTV61.9% — OK
Monthly payment (P&I)$2,014.71
Total PITI$2,014.71

Option B — Middle

Balanced rate and points

%
pts
New loan amount$337,249
Points cost (rolled in)$3,339
LTV61.3% — OK
Monthly payment (P&I)$2,049.16
Total PITI$2,049.16

Option C — Higher rate

Fewer points, lower upfront cost

%
pts
New loan amount$333,910
Points cost (rolled in)$0
LTV60.7% — OK
Monthly payment (P&I)$2,110.54
Total PITI$2,110.54