Refinance • Rate-and-Term Refinance
Lowering Payments Through Smart Refinancing
Homeowners of six years felt stuck with a rate from a different market. We analyzed their loan, timed the market, and refinanced them into substantially lower monthly payments.
- Loan amount
- $340K
- Loan Amount
- Interest rate
- 5.10%
- Interest Rate
- Time to close
- 28 Days
- Time to Close
The Starting Point: A Rate From Another Era
The Hendersons bought in 2019 at 6.5% and assumed refinancing meant months of hassle for pocket change. Their servicer had quoted them a "streamline" offer — but the fees buried in it would have taken nearly four years to recover.
Our break-even analysis told a different story: with their equity position and today's pricing, a true refinance could cut their payment by over $400 a month with a payback period of just 14 months.
The Challenge
- A 6.5% rate costing $412/month more than necessary
- A servicer quote with fees that hid a 4-year payback
- Fear that an appraisal would come in low
- Two busy schedules, zero appetite for paperwork marathons
Our Approach
- Shopped four lenders to land 5.10% — 1.4 points below their rate
- Rolled closing costs into the loan: $0 out of pocket
- Secured an appraisal waiver through equity documentation
- Digital-first paperwork: 20 minutes of their time, total
Key Results: $412 Back Monthly
−1.4 points
Rate reduction from 6.5% to 5.10%
$412 saved
Lower payment every single month
$0 due
Out-of-pocket closing costs
28 days
From application to funded loan
Could You Be Paying Less?
Send us your current rate — we'll reply with honest break-even math.
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