Refinance - Defy Mortgage

Refinance Calculator: Is it the right move for you?

Considering a change to your mortgage terms?

💵 Current mortgage balance (How much money you owe.) $

📈 Current monthly payment (Principal, interest, taxes and insurance) $

💰 New loan amount (How much money do you need now?) $

📉 Interest rate %

⏳ New monthly loan term (How long is your new loan for?)

New mortgage payment

$/per month

Difference in monthly payment $

Note: Calculators display default values. Enter new figures to override.

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Reasons to refinance

There are several reasons to refinance. Instead of directing you to one of our many blog posts on refinancing (which we also have **cough** under the “Learn“ tab **cough**), we’ve listed out the top reasons homeowners refi.

Any of these resonate with you? If so, see the blue button below.

Cash-out equity

The Homecoming Queen of reasons to refinance. It's refinancing time when you've built up some serious home equity over the years. Maybe you're dreaming of a new kitchen fit for a gourmet chef? Perhaps an underground home theater? We'll cash you out.
Shorten loan term

Refinance and go from a 30-year to a 15-year loan term. You’ll be mortgage-free a lot faster this way.
Switch mortgage type

Getting kind of bored with your current loan? Refinance and switch it up – go from adjustable to fixed, conventional to FHA, whatever you want.
Stable payments

Tired of your adjustable-rate mortgage payment going on a rollercoaster ride every year? Refinance to a fixed-rate for predictable, stable monthly payments.
Consolidate debt

Stuck under a mountain of high-interest debt? Debt doesn’t mean forever. By cash-out refinancing, you can consolidate other higher-interest debt like credit cards into one loan with your mortgage’s lower rate.
Lower interest rate

If you own a property and rates lower, it’s go-time. By securing a lower interest rate, you can reduce your monthly mortgage payments and save a ton of money over the life of the loan. Talk about some serious long-term savings.

It’s in your best interest to get your best interest.

Disclaimers:

Results of this calculator are an estimate only and in no way indicate approval or financing of a mortgage loan. Calculator results do not reflect all loan types and are subject to individual program loan limits. The amount you save on a refinanced mortgage may vary by loan. Contact us today to understand your refinancing options and apply.

All home lending products are subject to credit and property approval. Rates, program terms and conditions are subject to change without notice.

Refinance Calculator: Is it the right move for you?

$/per month

Want to buy a home instead?

Reasons to refinance

Cash-out equity

Shorten loan term

Switch mortgage type

Stable payments

Consolidate debt

Lower interest rate

It’s in your best interest to get your best interest.