Loan Compare Refi: Step-by-Step Guide

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Compare refinance options against your current loan with the Refinance Comparison.

  1. Enter a location: Use our Classic Dropdowns by selecting the state and county or use our smart search by clicking Use Smart Search. Our Smart Search lets you search by #MLS, address, county or zip code. Click the green search button.
    •  If the location is found, it will automatically populate below.  
    • If there are multiple results found, you will need to select from the dropdown. 
  2. Enter the current property information:
    • Name
    • Original Purchase Price
    • Annual Property Tax
    • Monthly Home Insurance
    • Monthly Association Fee
    • Purchase Year
    • Purchase Month
    • Estimated Home Value (entered automatically but can be edited)
  3. Click Next.
  4. Enter the current loan information:
    • Select if your customer refinanced in the past.  If yes, enter the Refinance Year and Month.
    • Loan Name
    • Loan Amount
    • Term
    • Loan Program
    • Loan Type
    • Rate
    • Monthly Mortgage Insurance
    • Estimated Mortgage Payoff
    • If you’d like to include a Cost of Waiting analysis on the tool, click the box next to Include Cost of Wait. If not, you can uncheck the box.
  5. Click Continue.
  6. Enter the information for the  new loans you would like to add to the report:
    • Loan Name
    • Loan Amount
    • Term in months
    • Loan Program
    • Loan Type
    • Rate
    • Points
    • Monthly Mortgage Insurance
    • Closing Costs
    • If your customer would like to finance their closing costs, select the checkbox next to Finance Closing Costs. This will add the costs to the loan amount.
    • Total Loan Amount is automatically entered. 
  7. Click Add Loan.
  8. You can edit, duplicate and remove loans under Loans to Compare using the icons below:
    • Click the pencil icon to make edits to a loan.
    • Click the + icon to copy the loan.
    • Click the trash can icon to delete the loan.

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  1. Once all the loans are entered, click Calculate.

Your loan comparison will then generate. You can adjust the slider on the top left of the page to reflect the amount of time your customer plans on staying in the home. Estimates in your analysis will be based on the number of years selected.


Go to the next article to see what's inside your newly generated report. 

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