Monthly Payment Calculator
Enter your details into our mortgage refinance and home equity loan calculator to explore home financing options that fit in your budget.
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Great! Based on your information, you may qualify for the rate and monthly payment options below.
Home Equity Loan
Mortgage Refinance
We’re unable to find an option for you based on your information.
Discover Home Loans offers loans starting at $35,000 up to 90% combined loan-to-value (CLTV) for qualified borrowers. Based on the information you submitted, your CLTV ratio is outside of our loan guidelines.
Use our loan amount calculator to determine the amount
you may be eligible to borrow.
We're working behind the scenes to update this calculator. Please try back later.
Trying to decide on how much you’d like to borrow? Enter details into our loan amount calculator.
Monthly payment calculator questions & answers
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Simply fill out the required fields in the calculator above to see estimated monthly payments and other information. You'll need to enter your desired loan amount, estimated home value, current mortgage balance, credit score range, and state. Click "Calculate" to see your results.
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A mortgage refinance replaces your existing home loan with another one, typically with a different interest rate and term. A home equity loan is typically a second mortgage that lets you withdraw cash from your home equity.
Discover offers mortgage refinance and home equity loan products. You can use the mortgage refinance and home equity loan calculator above to estimate monthly payments for both of these options.
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Our calculator is a self-help educational tool that estimates how much you might pay every month for a mortgage refinance or home equity loan from Discover. We cannot guarantee the calculator's accuracy.
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Your monthly payment is typically based on your interest rate, loan amount, loan term length, and other factors. Mortgage refinances and home equity loans with longer terms may have lower monthly payments than those with shorter terms.
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In addition to the mortgage refinance and home equity loan payment calculator above, Discover has other resources that help you find the right home financing product:
- Calculate how much you may be able to borrow with a home equity loan or mortgage refinance with our loan amount calculator.
- Learn how much you could save consolidating debts with our debt consolidation calculator.
- See how much house you may be able to afford with our affordability calculator.
Interactive calculators and information are intended as self-help tools for your independent use and are for educational purposes only. Results are estimates, and we cannot guarantee their accuracy or applicability to your specific circumstances.
Discover Home Loans Restrictions and Details
We do not lend in IA or MD. You are not guaranteed approval. Once you apply and submit your credit and property information, we will confirm your eligibility. We don’t lend on cooperatives, condotels, investment properties, log homes, manufactured homes, mobile homes, or secondary homes. We will only originate one 1st lien mortgage per property per 12-month period. The maximum loan amount you qualify for will depend on additional factors, including type of loan, lien position, loan-to-value and your credit history. We may change rates, program terms, and conditions without notice. Discover Card accounts may not be paid off with this home loan. All loan programs are offered by Discover Bank, 2500 Lake Cook Road, Riverwoods, IL 60015. NMLS ID 684042.
Loan Payment Example Disclosure
For example, if you borrowed $60,000 for a 20 year term at 8.86% APR, your fixed monthly payments would be $534.45.
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- PO Box 29029
- Phoenix, AZ 85038-9029
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- Home loans made by Discover Bank.
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