A lot can change over the life of a mortgage. Refinancing could mean massive savings for you over the life of your mortgage as well as monthly savings in your budget. Our attractive low rates could allow you to shorten your terms and be mortgage-free sooner than you thought. You could even use a ‘cash out’ option to make some needed repairs or take care of other obligations. Our mortgage consultants are ready to run numbers with you and talk through the possibilities.
Ask about our Rate Match Program. We want to be your mortgage partner. If you find a better rate with another lender, let us match it. †
How Much Will I Save?
Is refinancing right for you? It could mean massive savings, however the cost associated can also add up. The calculator below will help you estimate what refinancing could do for your family.
What Will I Need?
We strive to make this process as easy and convenient as possible. Download our mortgage refinance checklist to make sure you have all of the required documents to apply for mortgage refinancing.
Conventional Fixed Mortgages for Refinancing
| Rate* | APR | Points | Payment** | |
| 30 Year | 7.125% | 7.221% | 0 Points | $1,179 |
| 30 Year | 6.875% | 7.096% | 1.25 Points | $1,149 |
| 20 Year | 6.875% | 7.18% | 1.375 Points | $1,343 |
| 15 Year | 6.625% | 6.981% | 1.25 Points | $1,536 |
| 10 Year | 6.625% | 7.126% | 1.25 Points | $1,998 |
Rates last updated: 6/2/2023 1:37 PM
*Rates Posted are indications only and are subject to change without notice. Refinance Rates displayed are for term refinances only, cash out options are available at adjusted rates. If you wish to lock in your rate, please consult with your mortgage officer.
**Payments listed assume:
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A loan amount of $175,000
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Property value of $250,000
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Excellent credit of 740 or greater
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No subordinations- no other loans against the property, such as home equity loans or lines of credit and assumes the dwelling is for Primary Residence use
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Payment examples only reflect principal and interest payment and excludes escrow (real estate property tax and home owners insurance (AKA Hazard Insurance), which would cause the actual payment to be higher
†Receiving the rate match is only applicable if all conditions are met and does not go below the interest rate floors set by Call Federal’s Rate Committee (Current mortgage interest rate floors are 4.000% for up to a 15 year mortgage, 4.250% for a 20 year mortgage and 4.750%
for a 30 year mortgage as of 2/15/2023 – floors are subject to change at any time). The Call Federal Rate Match Program is available for purchase and refinance first mortgage applications on conventional loans with terms of 10 to 30 years and on primary residences only. Certain product exclusions may apply. Loan Estimate from competing lender must be dated and received within three calendar days prior to locking your interest rate at Call Federal. The terms of the competing loan must be identical to Call Federal’s loan. If the loan does not close within the commitment period, the rate match may be voided. Not valid if original loan terms or conditions change prior to closing. This offer is subject to credit approval and may change or terminate without notice. Offer is not applicable to government loans, including FHA, USDA, and VA financing.
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We do business in accordance with the Federal Fair Housing Lending Laws. Read more
Call Federal Credit Union is an Equal Housing Lender licensed by the National Mortgage Licensing System under NMLS #407823.
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