Loan amount: $ 200,000 Existing mortgage rate: 6.5 % 30 - year fixed Existing mortgage payment: $ 1,264.14 New mortgage rate: 3.25 % 15 - year fixed New mortgage payment: $ 1,405.34 (thetruthaboutmortgage.com)
the ease or difficulty with which existing mortgage payments have been made, in the context of the borrowers» overall household budget and other financial obligations; (remonline.com)
* Average monthly savings claim is based on a review of New American Funding funded rate & term refinance loan customers from Jan 2017 thru Sept 2017 using a comparison of existing mortgage payments to mortgage payments on new mortgage loan received by the consumer. (newamericanfunding.com)