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Refinance Calculator

Four ways to structure a refinance — same borrower, same rate drop, different trade-offs. Enter your numbers and see how the cash flow actually works.

Your Current Loan

Estimated payoff: $402,466|Balance + $2,466 accrued interest (30 days)

Escrow & Insurance

Escrow for taxes/insurance?Most loans require escrow

Tax due dates in Colorado: Mar 1, Jun 15 (semi-annual)

New Rate

Estimated close: May 8, 202630 days from today
Hard closing costs: $2,800Sections A+B (Colorado estimate)

Closing Cost Breakdown

These numbers feed into each strategy below
Hard Costs (A+B)
$2,800
Covered by lender credit at par
Tax reserves (3 mo)
$756
Insurance reserves (2 mo)
$400
Tax installment (due Jun 15)
$1,513
Total Soft Costs
$2,669
This is what varies by strategy

Cash Flow Back (within 30 days)

Skipped Payment
$2,661
One current payment you don't make
Escrow Refund
$4,200
Old escrow account closes, balance returned
Total Cash Back
$6,861

Balance-to-Balance

New loan = payoff
6.500%
rate
New Payment
$2,544
Monthly Savings
+$117
New Loan Amount
$402,466
Cash to Close
$2,669
Net Out-of-Pocket (after cash back)
+$4,192 in pocket
LTV: 73.2%
Breakeven: Immediate

Cash to close comes back: $2,661 skipped payment + $4,200 escrow refund = $6,861

Roll Everything In

Zero out of pocket
6.500%
rate
New Payment
$2,561
Monthly Savings
+$100
New Loan Amount
$405,135
Cash to Close
$0
Net Out-of-Pocket (after cash back)
+$6,861 in pocket
LTV: 73.7%
Breakeven: Immediate

Zero out of pocket. You keep $6,861 (skipped payment + escrow refund).

Split the Difference

Balanced approach
6.625%
rate
New Payment
$2,577
Monthly Savings
+$84
New Loan Amount
$402,466
Cash to Close
$1,160
Net Out-of-Pocket (after cash back)
+$5,701 in pocket
LTV: 73.2%
Breakeven: Immediate

Rate bumped 0.125% to generate $1,509 additional credit. $1,160 still due at close.

Buy the Rate Down

Lowest payment
6.250%
rate
New Payment
$2,478
Monthly Savings
+$183
New Loan Amount
$402,466
Cash to Close
$6,694
Net Out-of-Pocket (after cash back)
+$167 in pocket
LTV: 73.2%
Breakeven: Immediate

1 point ($4,025) buys rate down 0.250%. Cash to close includes points + soft costs.

How to read this: All four options start from the same rate drop. The difference is how you handle closing costs — who pays, and where the money comes from.

Balance-to-balance means your new loan equals your current payoff — you don't add to your debt. Roll everything in maximizes cash freedom. Split the difference finds the middle ground. Buy the rate down trades upfront cash for the lowest possible payment.

“Net out-of-pocket” accounts for the skipped payment and escrow refund you receive within ~30 days of closing. This is the real number — not the Loan Estimate “cash to close” that scares most borrowers away. Read the full playbook for how the cash flow works.

This calculator provides estimates for educational purposes only. Actual closing costs, lender credits, rates, escrow requirements, and insurance timing vary by lender, loan program, and market conditions. Licensed in CA, CO, OR, and TX. NMLS #1111861.

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