Compare blended rates and total costs. See whether keeping your current mortgage plus a HELOC costs less than a cash-out refinance. Free educational tool.
Fiona Bryan, Mortgage Advisor
Empire Home Loans
Phone: (310) 567-6988
Email: [email protected]
NMLS# 1812932
Company NMLS# 1839243
Empire Home Loans, Inc., NMLS ID#1839243, CA DRE# 02086593, CFL License #60DBO-95315, AZ Lic: MB-1012019. Refer to www.nmlsconsumeraccess.org to see additional licensing information. The corporate office address is 4401 Hazel Ave., Ste. 225, Fair Oaks, CA 95628; www.empirehomeloans.com. This communication is for informational purposes only. This is not a commitment to lend. All programs are subject to change or cancellation at any time and without notice. Empire Home Loans, Inc. supports equal housing opportunity.
Compare blended rates and total costs. See whether keeping your current mortgage plus a HELOC costs less than a cash-out refinance. Free educational tool.
HomeEquityNinja is an educational resource. Personalized reviews by , NMLS .
Compare the blended rate of keeping your current mortgage plus a HELOC versus replacing everything with a new cash-out refinance. This is one of the most important comparisons for homeowners with a low-rate first mortgage.
We use your original loan amount and term to calculate your principal and interest payment. This excludes taxes and insurance, which vary by homeowner.
• The blended rate is a weighted average rate comparison, not a payment comparison. Payment structure, amortization, and interest-only terms affect your actual monthly cost.
• HELOC rates are typically variable and may increase over time. Your monthly HELOC interest cost could rise.
• Cash-out refinance closing costs apply to the full new loan amount, not just the cash you are accessing.
• If you plan to repay the equity quickly, a HELOC often wins. If you need long-term financing, a cash-out refinance with a fixed rate may provide more stability.
• This estimate assumes a 30-year amortization for the cash-out refinance. Your actual term and payment may differ.
This tool gives you a starting point. Your actual best option depends on your credit, income, property type, and current lender guidelines.
Result sent to your email!
Enter your mortgage details and rate estimates to see the comparison.
This tool is for education only. Your actual options depend on your property, equity, credit, income, goals, program guidelines, interest rates, fees, state availability, and full application review. For an accurate comparison, request a personalized Home Equity Strategy.