Pre-loaded with Winston-Salem's illustrative property tax assumption (0.84%) and median home price ($250,000). Get a personalized rate quote in 2 minutes — free.
$1,277/month
Example monthly savings: $121
Simple break-even: 42 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.
$250,000 home · $200,000 balance
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The median home price in Winston-Salem is $250,000, with an average property tax rate of 0.84% in Forsyth County. A typical 30-year fixed refinance on a median-priced home in Winston-Salem with 20% down would result in an estimated monthly payment of $1,569, 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 Winston-Salem's illustrative defaults to model your own scenario, then tap Get My Free Rate Quote to compare offers from licensed lenders serving North Carolina.
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