Lower your Monthly Payment
and Save Thousands

with FHA Streamline Refinance.com
FHA Streamline Mortgages and  Home Loans

This calculator is designed to show the amount you could save on your mortgage based on today's best national rates*. It is intended to be a quick reference tool only, showing approximate savings. Your interest rate may vary based on your FHA loan and state requirements. A loan officer will provide the actual rate, points and APR when you complete an official loan application.

Enter your information as accurately as possible to ensure the best results.

1. What is your current mortgage balance? (no commas)


2. what is your current interest rate? (Example: 7.75 )


3. what is your current mortgage term?

4. What is your monthly payment? (no commas)

Variable rate vs fixed rate FHA Loans:

Variable rates can be very rewarding in the right situations, and are typically quite a bit lower than fixed rates. Unfortunately, many people don't consider variable rates because they don't understand how they work, which usually means that they end up paying a lot of extra money on a fixed rate.

Did you know that a FHA variable rate is only allowed to go up by a maximum of 1% per year, and can never go 5% over your original rate? In addition, a variable rate only changes once a year on the loan's anniversary. With this in mind, we offer the following advice.

If you plan on living in your house five years or less a variable rate is probably a good choice at this time. The reason? If you took the absolute worst case scenario, your average rate over 5 years would still equal the best current fixed rate that you could get today. Since the worst case scenario is very unlikely, you could save thousands more on your mortgage!

If you don't like risk and plan on living in your house over 5-10 years, then you should probably stay with a fixed rate and watch the rates over time, refinancing whenever the current rate drops more than a half a point below your existing rate.

*Rates shown are subject to banking holidays and available information provided by the lenders themselves.
**Figures are based on customer input and may differ slightly from final refinance amount shown.
This web site contains general information only and is not intended to provide anyone with specific refinance rates or advice. Furthermore, because the laws are constantly changing, the information in this site may change without notice. Should you wish to refinance your FHA home loan, we encourage you to contact one of our loan officers (listed in the contact us page or provided to you when you click on one of the links above) to discuss the specific state requirements, rates, points and APR for your refinance.

Streamline mortgages and loans FHA Streamline refinancing mortgages and home loans Streamline Refinance loans US Mortgages and Loans FHA Loans