When is a refinance worth it?

When the monthly savings pay back the closing costs before you expect to sell or refinance again. Divide total closing costs by the monthly savings to get the break-even month; if you'll be in the loan longer than that, it's worth it. A rate drop of 0.5 to 0.75% on a $500,000 loan usually breaks even inside two years.

Can I refinance with no closing costs?

Yes. A lender credit at a slightly higher rate can cover the costs. You trade a lower payment for no money out of pocket. The card on this page shows both versions side by side so you can pick.

How much cash can I take out of my Washington home?

Conventional cash-out goes to 80% of value on a primary home, VA to 90%, and FHA to 80%. If you only need a smaller amount and your first mortgage rate is low, a HELOC behind it is usually cheaper than refinancing the whole loan.

Refinance or cash out

Today's refinance rates, on your home

Slide your balance, current rate and, if you want cash out, the amount. You see real lender pricing, your monthly savings and every closing cost.

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You are hereSet your balance and rate. See real savings and every cost.
PrequalifyAbout 10 minutes, one question at a time. Stop and pick up later by text.
Lock your rateUpload a few documents and lock with us. We stay with you to closing.

Is it worth it?

Divide the closing costs by the monthly savings to get your break-even month. If you'll be in the home longer than that, refinancing saves you money. If not, set a rate alert below and we'll text you when it does.

No-cost option on every quote. Pick a lender credit at a slightly higher rate and nothing comes out of pocket.
Cash out up to 80% of value on conventional, 90% on VA. Smaller amount? A home equity line behind your low first mortgage is usually cheaper. Compare on the home equity page.
Streamlines without an appraisal. FHA and VA loans can often refinance with no appraisal and reduced paperwork.

Rate watch

Rate alerts

Tell us your current rate and your target. We reprice your loan every time a lender updates pricing and text you when the no-points rate reaches your target, with the monthly savings. Reply LOCK to lock that day.

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What the text looks like: "30-year fixed just hit 6.500% with no points, $225/mo lower than your 7.25% on a $450,000 balance. Reply LOCK to lock today."

Alerts are based on the lender pricing we close loans at, not a national average.

Today's refinance rates, on your home

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Rate alerts

Text me when rates hit my number