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Does refinancing make sense for you? Calculate how much you could save by refinancing and see what your new monthly payments would be. These results are provided for illustrative purposes and may vary from your actual loan.
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Refinancing closing costs are typically 1 to 4% of the new loan amount.
(These results assume a fixed interest rate on your refinanced mortgage.)
Refinancing could reduce your monthly payment by this amount per month:
$374.03
Current monthly payment
$926.23
New monthly payment
$552.20
Refinancing over the life of your new loan, including closing costs, could cost you this amount:
$23,643.20
Refinance closing costs can vary based on factors such as your loan amount and location.
Looking for some flexibility in your finances? A mortgage refinance might be your answer.
We'll help you understand your refinance options and their key benefits.
This article is for educational purposes about banking products. It is not intended to provide legal, investment, tax, or financial advice and is not a substitute for professional advice. It does not indicate the availability of any Citi product or service. For advice about your specific circumstances, you should refer to the disclosures financial institutions provide for various products and consult a qualified professional.