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Released  January 17, 2017
By Megan Greuling
  • Savings based on a refinancing a 30-year fixed-rate mortgage with a % interest rate with one at a % interest rate. The difference in savings is approximately $100 per month for every $100,000 financed. This analysis does not consider any closing costs or the effect of possibly lengthening the term of the loan. The chart below shows sample savings for different loan amounts and is not a credit advertisement for any particular program or an offered or marketed rate:
    Loan Amount Savings at %
    Monthly Annually Life of Loan
    $200,000 72,000
    $300,000 108,000
    $400,000 144,000
    $500,000 180,000