A Typical Scenario
"I've been thinking about refinancing my mortgage for a while now. The current interest rates are so much lower than when I first got my loan, and I'm curious to see how much I could save. I plugged my information into the Refinance Savings Estimator, and the results were pretty eye-opening. It looks like I could lower my monthly payments by around $200 if I refinanced.
How It Works in Practice
When you use the Refinance Savings Estimator, that's a significant amount that could really make a difference in my budget.
The tool also showed that over the life of the loan, I could save close to $50,000 in interest.
