
Refinance Your Home: A Comprehensive Guide
Reading Time: 3 minutesRefinancing your home can be a game-changer for your financial strategy, whether you want to lower your monthly payments, access
Let's see how much you can save each month by refinancing to a lower payment.
The VP Capital Lending Refinance Calculator provides estimates for informational purposes only. Results do not represent all available loan programs and are subject to individual program limits. Loan qualification, rates, and payments may vary based on timing, property details, and borrower circumstances. This calculator is not a commitment to lend.
Loan Amount: $360,000
Loan Type: 30-Year Fixed-Rate Loan
Interest Rate/APR: 7.375% (7.692% APR)
Monthly Payment: $2,486.43 (Principal & Interest Only)
Points: 1.875% (due at closing)
Loan-to-Value (LTV): 80%
One point equals 1% of the loan amount. This payment estimate excludes taxes and insurance. Rates shown are valid as of April 30, 2025.
* If amounts for taxes and insurance were not entered, they have been excluded from your calculation results. This does not include all fees.
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Discover your home’s potential with a free Official Refinance Review — let’s explore how to make the numbers work for you!
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Estimate how much you can borrow based on your property's cash flow. Perfect for buy-and-hold investors.
Your home’s value might surprise you. See how much equity you can access — whether it’s for upgrades, investments, or something big.
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Refinancing can give you the flexibility to extend your loan term, which means lower monthly payments—even if it takes a bit longer to pay off the loan.
If you have an FHA loan and at least 20% equity, you might also qualify to switch to a conventional loan and drop your monthly mortgage insurance, bringing your payments down even more.
This depends on your loan type and lender. With conventional, jumbo, or VA loans, most lenders require a six-month wait. FHA loans usually require a bit longer—between six months to a year.
Each loan type has its own credit requirements, but generally, a score around 680 or higher gives you more refinancing options. Higher scores can also help you secure better rates and terms.
Your interest rate depends on several factors, like loan type, loan amount, down payment, and credit history. Rates can also change with market trends. We’ll work with you to find a rate that aligns with your goals.
A Loan Advisor will review your information and get you an estimate of your potential monthly savings—all without affecting your credit.
Our experienced Loan Advisors are here to answer your questions, offer insights, and guide you confidently through every step of the process.
With us by your side, you’ll have access to the best loan options and a dedicated team committed to making your journey smooth and stress-free.
Reading Time: 3 minutesRefinancing your home can be a game-changer for your financial strategy, whether you want to lower your monthly payments, access
Reading Time: 2 minutesVA loans are one of the most advantageous home financing options available to veterans, active-duty service members, and eligible surviving
Reading Time: 3 minutesRefinancing your FHA loan can be a strategic way to achieve your financial goals, whether you want to lower your
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