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

25.7 yrs (308 mo)

CURRENT BALANCE

$328,479

P&I = principal & interest only. PITI = principal, interest, taxes & insurance (the full housing payment).

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.

STEP 3PROPOSED REFINANCE — THREE SCENARIOS

Refinance Type

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

What's your client's goal?

Pick one so we can tailor the recommendation — we don't assume this.

$
$
$
yrs
$
$
$

No PMI expected (LTV ≤ 80%)

Highest loan-to-value across all scenarios61.8% LTV
0%95% limit100%

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

Sample Conventional rates & points — for illustration only, not a quote or rate lock. The rate/cost tradeoffs below are typical examples. Your actual rate, points, and terms are set when a loan officer prices your full file. Edit any field to model a different scenario.

Option A — Lower rate

Higher points, better rate

%
pts
New loan amount$339,639
Points cost (rolled in)$6,660
LTV61.8% — OK
Monthly payment (P&I)$2,009.09
Total PITI$2,009.09

Option B — Middle

Balanced rate and points

%
pts
New loan amount$336,309
Points cost (rolled in)$3,330
LTV61.1% — OK
Monthly payment (P&I)$2,043.45
Total PITI$2,043.45

Option C — Higher rate

Fewer points, lower upfront cost

%
pts
New loan amount$332,979
Points cost (rolled in)$0
LTV60.5% — OK
Monthly payment (P&I)$2,104.66
Total PITI$2,104.66