What you'd save, and when it pays for itself
Monthly savings is only half the answer. The other half is the break-even point — how long before the refinance has actually paid for its own closing costs.
Monthly payment change
Compares principal and interest only — taxes and insurance carry over either way. Lifetime difference includes closing costs and assumes both loans run to term. A longer new term can lower the payment while raising total interest, so read both numbers together. Estimate only; call me at (209) 603-2544 for exact pricing.
How to read the break-even
Divide what the refinance costs by what it saves each month. That's how many months until you're ahead. If you'll be in the house well past that point, the refinance works. If you might sell before it, it doesn't — no matter how good the rate looks.
Two traps worth naming
- The reset. Rolling 27 remaining years into a fresh 30 lowers the payment partly by stretching the loan back out. Watch the lifetime number, not just the monthly one.
- "No-cost" refinances. The costs are still there — they're built into a higher rate or added to the balance. Sometimes that's the right structure. Just know which one you're buying.
I'll tell you when the answer is no. If your break-even runs past how long you plan to stay, I'll say so. Not every conversation should end in a loan.
Get your real numbers
Send me your rate, balance, and payment. I'll come back with actual pricing — no application needed.