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You might lower your rate and payment by refinancing your home! With a Conventional loan, you can get a competitive interest rate when you have good credit and finances. You can avoid paying for private mortgage insurance if your home equity is 20% or more, too.

Ask us how much you might save with a mortgage refinance. Please note that by refinancing, the total finance charges you pay may be higher over the life of the loan.

Conventional Refinances

  • All homeowners eligible
  • More paperwork, slower closings
  • No mortgage insurance with 20% equity
  • No funding fee
 

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FHA Streamline Refinances

  • Only FHA homeowners eligible
  • Less paperwork, faster closings
  • Mortgage insurance required
  • No funding fee
 

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VA IRRRL Refinances

  • Only VA homeowners eligible
  • Less paperwork, faster closings
  • No mortgage insurance
  • Funding fee required
 

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Are Today’s Rates Right for You?

Mortgage rates are changing. Is now a good time to lock in a lower rate and start saving on your monthly payments? Our experienced loan advisors can help you decide if now is the right time for you to refinance your home.

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Refinance Calculator

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How Much Can You Save?

Find out how much you might save by refinancing your home to a lower rate. By refinancing, the total finance charges you pay may be higher over the life of the loan. Change the default values to personalize your savings estimate!

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Calculator assumes a new loan term of 30 years and closing costs of 3.5% of the new loan amount. This calculator is made available as a self-help tool for your personal use. We do not guarantee its accuracy or applicability to your individual circumstances. Resulting calculations are for illustrative and informational purposes only and are not intended as investment or financial advice. Consult a qualified financial advisor before making important personal finance decisions. To get a better understanding of the benefits of refinancing, speak with a loan advisor at Freedom Mortgage.

Get your calculator results delivered to your email

Let us help you secure the cash you need for your financial goals. Fill out the form below and one of our licensed Loan Advisors will contact you.

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* This calculator is made available as a self-help tool for your personal use. We do not guarantee its accuracy or applicability to your individual circumstances. Resulting calculations are for illustrative and informational purposes only and are not intended as investment or financial advice. Consult a qualified financial advisor before making important personal finance decisions. To get a better understanding of the benefits of refinancing, speak with a loan advisor at Freedom Mortgage.

A loan advisor from Freedom Mortgage will reach out to you to review your results and discuss the request for a cash out refinance on your home’s equity.

By clicking "Get Your Results," you consent to be contacted, including via automated technology or artificial/prerecorded voice, by Freedom Mortgage and any of its current or future affiliated companies (collectively "Freedom Mortgage") at the phone number(s) and email address(es) provided for marketing purposes about loans, even if your number is listed on a federal, state or internal do not call list . You affirm that you are the subscriber of the phone number(s) and email address or that the subscriber has authorized you to provide this consent. Your consent is not a condition of purchase of goods or services from Freedom Mortgage.
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Based on the values you entered, refinancing might save you
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Explore the Refinance Process

Check Your Savings

Use the refinance calculator on this page to estimate how much you might save on your monthly mortgage payment. Or contact one of our experienced loan advisors to find out if refinancing now makes sense for you.

Cash Out Refinance

Apply for a Refi

To refinance a Conventional loan, you’ll need to complete a full application and provide credit, income, and financial documents. We’ll ask you to read and sign a loan estimate and other documents as well.

Cash Out Refinance

Get Approved

Once you’ve signed your loan estimate, your refinance application will go to our underwriting department. To be approved for a home refinance, you must meet our credit, income, and financial requirements.

Cash Out Refinance

Lower Your Payment

Once you are approved, you’ll attend closing on your new loan and pay any closing costs that may be required. Then you will begin to enjoy the lower monthly payments that come with your new mortgage.

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Conventional Refinance FAQs

Find answers to common questions homeowners ask when they are thinking about refinancing a conventional loan.

  • You'll need to complete a new application, provide a new set of documents, and meet our credit, income, and financial requirements to refinance your home with a Conventional loan.

  • Yes, you'll need to pay closing costs when you refinance a Conventional loan. These costs can include lender fees, discount points, title search and insurance fees, and more. Typical closing costs may run between 2% and 5% of the loan amount.

  • The refinance rate we may be able to offer is personal to you. Your rate is affected by your credit score, income, finances, the current mortgage market, and other factors.

    We may be able to offer you a rate that is lower—or higher—than the rate you see advertised by other lenders. Ask us today what rate we can offer you by calling 877-220-5533.

  • Get started on your home refinance in minutes by filling out our webform. We'll work with you every step of the way to make refinancing your home simpler.

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Learn More About Conventional Refinances

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How to Refinance a Mortgage

Learn More About How to Refinance Your Home and What Your Options Are

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Should You Refinance Your Mortgage?: 7 Questions to Ask

What Questions You Should Ask Before Refinancing

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Refinancing an FHA Loan to a Conventional Loan

What Goes into Refinancing an FHA Loan to Conventional?

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The Right Loans to Reach Your Goals

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