Pre-loaded with Oakland's illustrative property tax assumption (0.75%) and median home price ($780,000). Get a personalized rate quote in 2 minutes — free.
$3,985/month
Example monthly savings: $378
Simple break-even: 14 months
30-year illustration excluding taxes, insurance and fees. Extending a loan term can reduce payments but increase total interest. Equity and loan approval are determined by a lender.
$780,000 home · $624,000 balance
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The median home price in Oakland is $780,000, with an average property tax rate of 0.75% in Alameda County. A typical 30-year fixed refinance on a median-priced home in Oakland with 20% down would result in an estimated monthly payment of $4,598, including principal, interest, and property taxes.
A rate-and-term refinance replaces your existing mortgage with a new one at a different rate or term — often to lower the monthly payment or shorten the loan.
Use the calculator above with Oakland's illustrative defaults to model your own scenario, then tap Get My Free Rate Quote to compare offers from licensed lenders serving California.
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