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CROSSCREST Mortgage Group
CROSSCREST Mortgage Group
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You already own

Your home.
A fresh perspective.

A different payment, a shorter term or access to equity. Start with what you want to change—not just a new rate.

Try refinance numbers

Model a new loan’s principal and interest. This is not a savings or break-even calculation.

Two people reviewing home financing documents at a sunlit table in Honolulu
Start with your goal

What would you like to change?

Your monthly payment

A different rate or longer term may lower the payment. A longer term can also mean more interest overall.

Your loan timeline

A shorter term may help you repay sooner, but the monthly payment can be higher.

Access to equity

A cash-out refinance replaces your loan with a larger one. Cash received increases what you owe.

What you haveYour current mortgage
What you compareA new loan, including costs
Make a useful comparison

Bring your current
loan into the picture.

  • Remaining balance, rate and years left
  • Current principal-and-interest payment
  • Your goal and how long you expect to stay

  1. Model the new payment

    Use the new loan amount, rate and term. Include financed closing costs in the amount if applicable.

  2. Look beyond the monthly number

    Compare closing costs, lender credits and total interest against keeping your current loan.

  3. Consider your timing

    Upfront costs take time to recover. Ask your loan officer to work through savings and break-even using written estimates.

A little more detail

Good questions.
Clear answers.

What documents will I need?

Start with a current mortgage statement, recent pay stubs or other income records, W-2s or tax returns as applicable, bank statements and a government-issued ID. Your loan officer will confirm what is needed for your income, property and refinance goal. Use the secure document request provided by your loan team.

Does a lower payment mean a cheaper loan?

Not necessarily. Extending repayment can lower the monthly payment while increasing total interest. Compare the remaining cost of your current loan with the full cost of the replacement.

What about a “no-closing-cost” refinance?

Costs usually do not disappear. They may be added to the balance or offset with lender credits in exchange for a higher interest rate. Compare both approaches in written Loan Estimates.

What changes with cash-out?

You borrow more than is needed to pay off the existing mortgage and receive some of the difference in cash. Your debt increases, closing costs apply, and equity and other eligibility limits may restrict the amount.

What if I may move soon?

The expected time you keep the loan matters. A new payment alone cannot tell you whether the costs are worthwhile. Review the upfront costs and your plans before deciding.

Your next step

Give your next
payment some context.

Try a new balance, rate and term. Then compare the result with your existing payment and the costs of refinancing.

Apply Open refinance calculator

New-loan principal and interest only. No savings, break-even or cash-out eligibility result.

Illustrative estimates are not a rate quote or a recommendation to refinance. Include closing costs and the remaining cost of your current loan when comparing.