5.0 · 624 reviews · Jim Blackburn · NMLS #1072866
Equal Housing Lender
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Government · FHA · Streamline Refinance

FHA Streamline Refinance Rate Reduction Savings Calculator

Lower your rate and payment with reduced documentation. Estimate your new payment, monthly and annual savings, and the income you'd need to qualify.

Built by Jim Blackburn · NMLS #1072866 · $500M+ closed · 7× Scotsman Guide Top Producer

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Use Zillow, an appraisal, or your best guess.

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Your current payment excluding taxes, insurance, and MI.

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If unsure, assume a rate 0.5% lower than your current one.

Are you thinking about buying another home after this one to continue your wealth journey?

Summary

New Principal & Interest Payment$1,264
Monthly Savings$1,136
Annual Savings$13,632FHA closing costs are typically around 4% and vary state to state. This is NOT a Loan Estimate.

Payment & Eligibility

Total Monthly Housing Expense$1,764
Monthly Income Target to Qualify$3,528FHA generally allows 43% DTI, up to 50% with strong compensating factors.
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Estimates only — not a commitment to lend.

Jim Blackburn

By Jim Blackburn

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Important Disclaimer

This calculator is for illustrative purposes only and does not constitute financial, legal, or investment advice. Results are based on general assumptions and may not reflect actual performance or eligibility. This is not a loan estimate or approval. Please consult with a licensed mortgage advisor before making financial decisions.

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