Mortgage Refinance Calculator
Instantly Estimate Your Savings by Refinancing Your Delaware Home Loan
Thinking about refinancing your mortgage in Delaware? Use our mortgage refinance calculator to estimate your new monthly payment, total interest savings, and break-even point. This simple tool gives you the numbers you need to make a smart decision, whether you want to lower your rate, reduce your term, or tap into your home equity to get cash out, .
Before you begin, below are some of the current rates for various loan types in Delaware. Rates are subject to change and can vary based on your credit score, loan amount, and other factors. Contact us for a personalized rate quote.
Current Mortgage Rates
How To Use Our Refinance Calculator
Our refinance calculator helps you determine whether refinancing your mortgage, or taking cash out of your mortgage, makes financial sense.
- First, enter a few details about your current loan.
- Then, enter a few details about your potential new loan.
- The result is a comparison of your estimated new loan payment and potential monthly savings.
The calculator instantly shows how much you could save each month.*
What each field in the refinance calculator means:
Current Loan Amount: The remaining amount you owe on your existing mortgage. You can find this on your latest mortgage statement.
Current Interest Rate: The annual interest rate you are currently paying on your mortgage.
Remaining Loan Term: The number of months left to pay on your existing mortgage (example: 30 years = 360 months).
New Interest Rate: The interest rate you expect to get with the new loan. You can view the current mortgage rates above.
New Loan Term: The length of the new mortgage (example: 30 years = 360 months).
Cash-Out Amount (if applicable): The amount of cash you want to take out of your home’s equity as part of the refinance.
*Administrative fees and closing costs are not included in the results of this refinance calculator. The fees and costs are usually an additional 2–6% of the loan amount. Your loan originator will review these costs with you when you apply.
Calculate Your Potential New Mortgage Payment Now
Mortgage Refinance Calculator
See how refinancing your mortgage could impact your monthly payments and potentially save you money over time.
Monthly Payment Before Refinance: $-
Monthly Payment After Refinance: $-
Monthly Savings: $-
Benefits of Refinancing Your Delaware Mortgage
Refinancing your Delaware home loan could help you:
- Lower your monthly payment
- Pay off your mortgage faster
- Switch from an adjustable rate to a fixed rate loan
- Access cash for renovations, debt consolidation, or other needs
Our calculator makes it easy to work with a few quick numbers to see the potential. Then you can talk to a licensed Delaware home loan professional to get your questions answered.
Finished with the Refinance Calculator? Take the Next Step.
If you are ready to take the next step, let's get started now as interest rates are constantly changing. Connect with a Delaware mortgage expert today for a free, no-obligation consultation. We're here to guide you through the refi process to help you achieve your goals.
Frequently Asked Questions
About Refinancing a Delaware Mortgage
You’ll need your current loan balance, interest rate, remaining term, estimated new interest rate, new loan term, and estimated closing costs.
A refinance involves a credit check, which may have a minor, temporary effect on your score.
Typical closing costs range from 2% to 5% of the loan amount. Our Delaware home loan experts help you factor these in.
Explore Your Delaware
Mortgage Refinancing Options
Discover tailored home loan programs designed to meet the needs of Delaware homeowners.