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FHA · Streamline Refinance

FHA Streamline Refinance Rate Reduction Savings Calculator

Grab your most recent mortgage statement, enter your numbers, and see your new payment and monthly and annual savings from refinancing into a lower rate.

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

Your Current Loan

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$

Use Zillow, an appraisal, or your best guess.

$

Your payment excluding taxes, insurance, and mortgage insurance.

Monthly Costs

$
$
$
$

Your New Loan

%

If unsure, assume a rate 0.5% lower than your current one. New term assumed 30 years.

Summary

Refinance Savings

New Principal & Interest Payment$1,264
Monthly Savings$1,136
Annual Savings$13,632FHA closing costs are often ~4% and vary by state. Not a Loan Estimate.

New Payment & Qualifying

Total Monthly Housing Expense$1,764New P&I + taxes + insurance.
Monthly Income Target to Qualify$3,528Based on a 50% DTI, including HOA.
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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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