A higher rate buys a lender credit at closing but a higher monthly payment. Everything is net of the 7% par loan, by when you refinance. Drag the slider under the graph.
7.625% · $2k cr
7.50% · $1.5k cr
7.25% · $1k cr
↕ Refinance dateSeptember 2027after 12 pmts
Mar 2027Mar 2028Mar 2029Nov 2029
7.00% par7.25%7.50%7.625%locked
Colored ticks on the $0 line mark each option's break-even (where its credit stops beating 7% par). They shift with the cash/true toggle.
Loan $232,75030 yrPar P&I $1,548Close Jul 2026Eligible Mar 2027