Would refinancing lower my payment?
Compare your payment today with a new loan. It's an example, not a quote or a loan offer.
Your loan today and a new loan
What you still owe. Your latest mortgage statement shows it.
The rate on your mortgage statement or your loan documents.
For example, a 30-year loan you've paid on for 5 years has 25 left.
Freddie Mac's national 30-year fixed purchase average, 7.24% as of October 29, 2026. An average, not a quote. Refinance rates can differ.
New loan term
The check compares fixed-rate loans.
Leave it empty to use about 2% of your balance. Half of El Paso refinances paid 1.3% to 3% in 2024.
New monthly payment
Fill these in to see the comparison:
- Current loan balance
- Current interest rate
- Years left on your loan
Want a second look at your numbers?
Send me your comparison and I'll go over it with you. A lender makes the loan decision, but it helps to know where you stand first.
- What homes like yours have sold for lately, as a starting point for how much equity you may have.
- Whether staying and refinancing or selling fits your plans better, with numbers for both.
- How to read your Loan Estimates side by side. I don't make loans or pick a lender for you, and the CFPB suggests getting Loan Estimates from more than one lender.
Finish your comparison above and I'll see your exact numbers when you send them. Or reach out now.
Ximena Martinez, REALTOR® · 915-588-8892 · ximenatxrealtor@gmail.com
Brokered by ClearView Realty, LLC · TREC #824509