Mortgage Refinancing | Desert Financial Credit Union

DETAILS

MORTGAGE REFI

RATES

APR

POINTS

15 Year Fixed Rate

7.00%

7.267%

1.125%

Refinance Rate Assumptions and APR Information

Today's refinance rates are based on a no cash out refinance of a single-family, primary residence, a credit score of 740

CONFORMING LOAN

15 Year Fixed Rate

Interest Rate

APR

Estimated Value

Equity

Loan Amount

Term

Monthly Payment

7.00%

7.267%

$450,000

28%

$337,500

15 years

$2,912.20

Rates valid on October 2, 2023. Estimated monthly payment does not include taxes and insurance which will result in a higher monthly payment. For borrowers with less than 20% down payment, mortgage insurance may be needed which could increase the monthly payment and APR. Additional loan programs are available.

30 Year Fixed Rate

7.375%

7.543%

1.125%

Refinance Rate Assumptions and APR Information

Today's refinance rates are based on a no cash out refinance of a single-family, primary residence, a credit score of 740

CONFORMING LOAN

30 Year Fixed Rate

Interest Rate

APR

Estimated Value

Equity

Loan Amount

Term

Monthly Payment

7.375%

7.543%

$450,000

28%

$337,500

30 years

$2,237.79

Rates valid on October 2, 2023. Estimated monthly payment does not include taxes and insurance which will result in a higher monthly payment. For borrowers with less than 20% down payment, mortgage insurance may be needed which could increase the monthly payment and APR. Additional loan programs are available.

5/6 ARM

6.75%

7.933%

2.125%

Refinance Rate Assumptions and APR Information

Today's refinance rates are based on a no cash out refinance of a single-family, primary residence, a credit score of 740

CONFORMING LOAN

5/6 ARM

Interest Rate

APR

Estimated Value

Equity

Loan Amount

Term

Monthly Payment

6.75%

7.933%

$450,000

28%

$337,500

5 year ARM

$2,101.46

Rates valid on October 2, 2023. The interest rate will be based on the 30-Day Average of the SOFR index as published by the Federal Reserve Bank of New York.

Estimated monthly payment does not include taxes and insurance which will result in a higher monthly payment. For borrowers with less than 20% down payment, mortgage insurance may be needed which could increase the monthly payment and APR. Additional loan programs are available.

7/6 ARM

6.75%

7.758%

2.250%

Refinance Rate Assumptions and APR Information

Today's refinance rates are based on a no cash out refinance of a single-family, primary residence, a credit score of 740

CONFORMING LOAN

7/6 ARM

Interest Rate

APR

Estimated Value

Equity

Loan Amount

Term

Monthly Payment

6.75%

7.758%

$450,000

28%

$337,500

7 year ARM

$2,101.46

Rates valid on October 2, 2023. The interest rate will be based on the 30-Day Average of the SOFR index as published by the Federal Reserve Bank of New York.

Estimated monthly payment does not include taxes and insurance which will result in a higher monthly payment. For borrowers with less than 20% down payment, mortgage insurance may be needed which could increase the monthly payment and APR. Additional loan programs are available.

FHA 30 Year Fixed

6.99%

7.145%

1.000%

Refinance Rate Assumptions and APR Information

Today's refinance rates are based on a no cash out refinance of a single-family, primary residence, a credit score of 660

CONFORMING LOAN

FHA 30 Year Fixed

Interest Rate

APR

Estimated Value

Equity

Loan Amount

Term

Monthly Payment

6.99%

7.145%

$326,000

3.5%

$314,590

FHA 30 Year Fixed

$2,090.86

Rates valid on October 2, 2023. Estimated monthly payment does not include taxes and insurance which will result in a higher monthly payment. For borrowers with less than 20% down payment, mortgage insurance may be needed which could increase the monthly payment and APR. Additional loan programs are available.

Jumbo 15 Year Fixed Rate

7.00%

7.237%

1.250%

Refinance Rate Assumptions and APR Information

Today's refinance rates are based on a no cash out refinance of a single-family, primary residence, a credit score of 740

NON-CONFORMING LOAN

Jumbo 15 Year Fixed Rate

Interest Rate

APR

Estimated Value

Equity

Loan Amount

Term

Monthly Payment

7.00%

7.237%

$1,100,000

28%

$795,000

15 years

$7,118.72

Rates valid on October 2, 2023. Estimated monthly payment does not include taxes and insurance which will result in a higher monthly payment. For borrowers with less than 20% down payment, mortgage insurance may be needed which could increase the monthly payment and APR. Additional loan programs are available.

Jumbo 30 Year Fixed Rate

7.25%

7.386%

1.125%

Refinance Rate Assumptions and APR Information

Today's refinance rates are based on a no cash out refinance of a single-family, primary residence, a credit score of 740

NON-CONFORMING LOAN

Jumbo 30 Year Fixed Rate

Interest Rate

APR

Estimated Value

Equity

Loan Amount

Term

Monthly Payment

7.25%

7.386%

$1,100,000

28%

$795,000

30 years

$5,402.84

Rates valid on October 2, 2023. Estimated monthly payment does not include taxes and insurance which will result in a higher monthly payment. For borrowers with less than 20% down payment, mortgage insurance may be needed which could increase the monthly payment and APR. Additional loan programs are available.

Jumbo 5/6 ARM

6.75%

7.889%

2.000%

Refinance Rate Assumptions and APR Information

Today's refinance rates are based on a no cash out refinance of a single-family, primary residence, a credit score of 740

NON-CONFORMING LOAN

Jumbo 5/6 ARM

Interest Rate

APR

Estimated Value

Equity

Loan Amount

Term

Monthly Payment

6.75%

7.889%

$1,100,000

28%

$795,000

5 year ARM

$5,136.90

Rates valid on October 2, 2023. The interest rate will be based on the 30-Day Average of the SOFR index as published by the Federal Reserve Bank of New York.

Estimated monthly payment does not include taxes and insurance which will result in a higher monthly payment. For borrowers with less than 20% down payment, mortgage insurance may be needed which could increase the monthly payment and APR. Additional loan programs are available.

Jumbo 7/6 ARM

6.75%

7.714%

2.125%

Refinance Rate Assumptions and APR Information

Today's refinance rates are based on a no cash out refinance of a single-family, primary residence, a credit score of 740

NON-CONFORMING LOAN

Jumbo 7/6 ARM

Interest Rate

APR

Estimated Value

Equity

Loan Amount

Term

Monthly Payment

6.75%

7.714%

$1,100,000

28%

$795,000

7 year ARM

$5,136.90

Rates valid on October 2, 2023. The interest rate will be based on the 30-Day Average of the SOFR index as published by the Federal Reserve Bank of New York.

Estimated monthly payment does not include taxes and insurance which will result in a higher monthly payment. For borrowers with less than 20% down payment, mortgage insurance may be needed which could increase the monthly payment and APR. Additional loan programs are available.

Start a new chapter
with our HOME solutions

Refinance your mortgage and you could save on your monthly payments

Mortgage Refinance Rates

CONFORMING LOAN

CONFORMING LOAN

CONFORMING LOAN

CONFORMING LOAN

CONFORMING LOAN

NON-CONFORMING LOAN

NON-CONFORMING LOAN

NON-CONFORMING LOAN

NON-CONFORMING LOAN

Questions? We’re here to help

Expand Your Knowledge

4 Reasons to Refinance Your Mortgage

The Benefits of Refinancing to a 15 Year Mortgage

What is Home Equity?

Start a new chapter with our HOME solutions

Refinance your mortgage and you could save on your monthly payments

Mortgage Refinance Rates

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CONFORMING LOAN

CONFORMING LOAN

CONFORMING LOAN

CONFORMING LOAN

CONFORMING LOAN

NON-CONFORMING LOAN

NON-CONFORMING LOAN

NON-CONFORMING LOAN

NON-CONFORMING LOAN

Questions? We’re here to help

Expand Your Knowledge

4 Reasons to Refinance Your Mortgage

The Benefits of Refinancing to a 15 Year Mortgage

What is Home Equity?

Start a new chapter
with our HOME solutions