Your Equity
$430K
Based on $850K value
Potential Monthly Savings
$487
vs. your current rate
Best Available Rate
6.375%
30-yr fixed · Today
Programs Found
24
Across 200+ lenders
WCL
West Capital Lending
Independent Broker · 200+ Lenders
★★★★★
Rate
6.375%
30-yr Fixed
LOWEST
APR
6.52%
All-in cost
Monthly Pmt
$2,682
P&I only
SAVES $487
Lender Fees
$0
No lender fee
WAIVED
Close Time
21 Days
Est. close
FAST
UWM
United Wholesale
Wholesale Lender
★★★★☆
Rate
6.500%
30-yr Fixed
APR
6.68%
All-in cost
Monthly Pmt
$2,718
P&I only
SAVES $451
Lender Fees
$995
Origination
Close Time
28 Days
Est. close
FIG
Figure Lending
HELOC Specialist
★★★★☆
Rate
8.45%
HELOC · Fixed
HELOC
Draw Available
$344K
80% CLTV
Monthly Pmt
$2,425
Interest only
IO OPTION
Lender Fees
$0
No closing costs
Close Time
5 Days
All digital
FASTEST
VGN
Visio / Griffin
DSCR Investor Loan
★★★★★
Rate
7.25%
DSCR 30-yr
DSCR
DSCR Ratio
1.28×
Qualifies
APPROVED
Monthly Pmt
$2,934
No income docs
Cash Flow
$614
Monthly net
POSITIVE
Close Time
30 Days
No tax returns
CUR
Your Current Lender
For Reference Only
★★★☆☆
Rate
7.125%
Current rate
OVERPAYING
APR
7.31%
Effective cost
Monthly Pmt
$3,169
Current payment
$487 MORE
Lender Fees
$4,200
Original fees paid
Annual Overage
$5,844
vs. best option
Side-by-Side Breakdown
Best match vs. your current situation
Category |
Current Lender Your Existing Loan |
Best Match West Capital Lending |
HELOC Option Figure Lending |
|---|---|---|---|
| Interest Rate | 7.125% | 6.375%BEST |
8.450% |
| Monthly Payment | $3,169 | $2,682BEST |
$2,425 IO |
| Lender Fees | $4,200 | $0BEST |
$0 |
| Cash Available | — | $344K | $344KFASTEST |
| Time to Close | — | 21 Days | 5 DaysBEST |
| Annual Savings vs. Current | $0 | $5,844BEST |
$8,928 |
| 5-Year Savings | $0 | $29,220 | $44,640BEST |
Strategy Comparison
HELOC vs. Cash-Out Refinance — which works for you?
Option A
HELOC
Keep your existing mortgage. Open a separate line of credit against your equity. Draw what you need, when you need it.
Line Available
$344,000
Rate
8.45% Fixed
Monthly (IO)
$2,425
Closing Costs
$0
Time to Funds
5 Days
Best For
Speed + Flexibility
VS
Option B
Cash-Out Refi
Replace your existing mortgage with a new one at a better rate, and pull cash out at the same time. One loan, one payment.
Cash Out
$344,000
New Rate
6.875%
New Payment
$5,078
Closing Costs
~$6,200
Time to Close
21–28 Days
Best For
Lower Overall Rate
5-Year Savings Projection
Current loan vs. best match
Current Loan Cost
Optimized Loan Cost
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