Refinance calculator
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Your current loan
Your new loan
Estimated new payment
$0
Principal, interest and mortgage insurance. Taxes and insurance not included.
For illustration only. This is not a loan offer, rate quote or commitment to lend. The rates, closing costs and mortgage insurance shown are example amounts you can change, not BMG Home Loans figures. FHA estimates add a 1.75% upfront premium to the loan. If you have an FHA loan now, a Streamline Refinance may not need an appraisal and part of your old upfront premium may be refunded; neither is included here. FHA mortgage insurance lasts 11 years at 90% loan to value or less, otherwise for the life of the loan. Conventional estimates add PMI above 80% loan to value. A longer term can lower your payment while raising the total you pay. Maximum loan amounts can be lower based on occupancy, loan type and lender guidelines. Your actual rate, payment and costs depend on your credit, property and loan program. Not all applicants qualify.