Refinancing generally makes sense if you can lower your monthly payment by enough to cover the associated settlement charges (or closing costs) before selling your home or paying off the loan.
This tool calculates whether the decision to refinance your mortgage loan is a good one based on the terms you enter for your current loan and for the refinance loan that you are considering.
Minimum loan amount of $175,000 required to apply. Exceptions include mortgage products for properties located within the Greater Kansas City metro and surrounding areas. Contact a NASB Loan Officer for more details on the specific areas and/or zip codes excluded.