Talk to an originator(215) 555-0145Start pre-qualification

NMLS #XXXXXXX · Equal Housing Opportunity

(215) 555-0145Pre-qualify

Loan programs

See all 16 programs

Six purchase programs, each underwritten in our Center City office rather than sold to an out-of-state desk.

Brick front steps of a Philadelphia row homeCompare all purchase programs

Rate and term, cash-out, or a streamline that skips the appraisal. We run the break-even before you apply.

Refinance paperwork being signed at a tableRun the refinance numbers

Second-lien options that leave a low first mortgage rate untouched.

Bright renovated living room with hardwood floorsSee equity options

Qualified on the property, not your tax returns. The reason most of our repeat clients came to us.

Brick multifamily apartment buildingOpen the investor desk
(215) 555-0145

NMLS #XXXXXXX · Equal Housing Opportunity · PA, NJ, DE, MD

Start pre-qualification

Tools and rates

See every tool

Five working calculators. Every figure recomputes as you type, including the full amortization schedule.

Amortization figures and a calculator on a deskOpen the calculator hub

Sample pricing, the points grid with break-even months, and a line-item closing cost sheet.

Planning a home purchase budget at a laptopSee today's sample rates

Who underwrites your file, where we are licensed, and what clients said afterwards.

Keystone Capital Mortgage office meeting roomMeet the lending team
(215) 555-0145

NMLS #XXXXXXX · Equal Housing Opportunity · PA, NJ, DE, MD

Start pre-qualification

Calculator

Refinance break-even

One number answers the whole question. If the break-even is longer than you expect to keep the loan, the refinance is a loss wearing the costume of a lower payment.

Costs divided by saving, in months

That single number answers the whole question. If it is longer than you expect to keep the loan, the refinance is a loss dressed as a lower payment.

A rate and term refinance on a $320,000 loan typically costs $3,400 to $5,200 in Pennsylvania (sample range).

Break-even on closing costs15 months1 year 3 months
Payment today
$2,227
Payment after
$1,944
Monthly difference
$283
Remaining interest on the current loan
$401,596
Interest on the new loan, plus costs
$384,167
Lifetime difference
$17,429

A lower payment over a longer term can still cost more in total interest. Both figures are above; decide with your real holding period, not the monthly number alone.

What people ask before they refinance

If Keystone originated your current loan, there is no origination fee on a rate and term refinance. That changes the break-even by roughly eight months on a typical file.

Rate and term refinance

No, and anyone who quotes you one is guessing. The honest test is costs divided by genuine monthly saving. On a $320,000 loan with $4,200 of costs and a $148 saving that is 29 months. Whether that works depends entirely on how long you keep the loan.

Usually yes in total interest, even at a lower rate, because you are amortizing a seasoned balance over a fresh thirty years. The tool above shows both the monthly difference and the lifetime difference, which frequently point in opposite directions.

You do skip one, but it is not free. The interest for that period is rolled into the new balance. It helps cash flow in the month of closing and costs you a little in the long run. We show it rather than sell it.

Yes, and on an FHA loan it is the only way. Once a current appraisal puts you at 80% loan-to-value, a conventional refinance ends mortgage insurance permanently. On a $360,000 FHA loan that is roughly $165 a month against about $4,200 of costs.

Get the real break-even for your loan

Send us your current note rate, balance and remaining term. We will send back the arithmetic, including the case for doing nothing.

Start pre-qualification(215) 555-0145

No application fee. Soft credit pull at pre-qualification. Flat $1,095 origination at closing.

Cookie preferences

Choose which cookies you allow. You can change this at any time from the link in the footer.