Pre-loaded with Clearwater's illustrative property tax assumption (1.05%) and median home price ($390,000). Get a personalized rate quote in 2 minutes — free.
$1,993/month
Example monthly savings: $189
Simple break-even: 27 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.
$390,000 home · $312,000 balance
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The median home price in Clearwater is $390,000, with an average property tax rate of 1.05% in Clearwater area. A typical 30-year fixed refinance on a median-priced home in Clearwater with 20% down would result in an estimated monthly payment of $2,584, 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 Clearwater's illustrative defaults to model your own scenario, then tap Get My Free Rate Quote to compare offers from licensed lenders serving Florida.
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