This Rocket Mortgage refinance calculator is for estimation purposes only and reflects the inputs you have entered. Results do not reflect all loan programs and are subject to individual program loan limits. Qualification, rates and payments will vary based on timing and individual circumstances. This is not a commitment to lend. 

Here's a payment example based on the information you entered:

Loan amount: [LOAN_AMOUNT]
Loan type: [LOAN_TYPE]
Interest rate: [INTEREST_RATE]% ([APR]% APR)
Points: [POINTS] point(s) ([PAID_AT_CLOSING]) paid at closing
Monthly payment: [MONTHLY_PAYMENT]

The monthly payment does not include taxes and insurance premiums. The actual payment amount will be greater. Payment assumes a loan-to-value (LTV) of [LTV]%.

Mortgage rates could change daily. Actual payments will vary based on your individual situation and current rates. Some products may not be available in all states. Some jumbo products may not be available to first time home buyers. Lending services may not be available in all areas. Some restrictions may apply. Based on the refinance of a primary residence.

Assumptions:

We assumed (unless otherwise noted) that: closing costs are paid out of pocket; this is your primary residence and is a single family home; debt-to-income ratio is less than 30%; and an escrow account for the payment of taxes and insurance. The lock period for your rate is 45 days. The loan to value (LTV) ratio is [LTV_RATIO]%. If LTV > 80%, PMI will be added to your monthly mortgage payment, with the exception of Military/VA loans. Military/VA loans do not require PMI.

Please remember that we don’t have all your information. Therefore, the rate and payment results you see from this calculator may not reflect your actual situation. Rocket Mortgage offers a wide variety of loan options. You may still qualify for a loan even if your situation doesn’t match our assumptions. To get more accurate and personalized results, start an application or call (888) 452-8179 to talk to one of our mortgage experts.