Iowa Mortgage Refinance Calculator
Iowa Mortgage Refinance Calculator
By SoFi Editors | Updated November 20, 2025
An Iowa mortgage refinance calculator can help you assess whether refinancing aligns with your financial goals. By inputting details of both your current and proposed loans, the calculator provides estimates of potential monthly savings and the total interest savings over the life of the loan.
Whether you’re looking to lower your interest rate, switch to a different type of mortgage loan, or access some of the equity you’ve built up in your home, a refinance calculator can guide you through the decision-making process and help you determine the best course of action.
Key Points
• An Iowa mortgage refi calculator can help determine whether refinancing will lower your monthly payments, reduce total interest paid, or allow you to access home equity.
• The break-even point is when the savings from refinancing will outweigh the associated costs.
• Refinancing costs typically range from 2% to 5% of the new loan amount, including origination fees, appraisal fees, and title insurance.
• A higher credit score, ideally 740 or above, can significantly improve your chances of securing a lower interest rate and more favorable terms when refinancing.
• Extending the term of your loan can lower monthly payments but will increase the total interest paid over the life of the loan, a trade-off that should be carefully considered.
Iowa Mortgage Refinance Calculator
Calculator Definitions
• Remaining loan balance: The remaining loan balance is the principal amount you still owe on your existing home loan.
• Current/New interest rate: Current interest rates can fluctuate based on credit history, market trends, and the type of mortgage loan. A lower new interest rate can reduce monthly payments and total interest paid over the loan’s life.
• Remaining/New loan term: The remaining loan term is the number of months left on your current mortgage. The new loan term is the total length of time you’ll have to repay the refinanced loan.
• Points: Mortgage points are optional upfront fees paid to the lender to reduce your interest rate. Each point costs 1% of the loan amount and can lower the rate by 0.25%.
• Other costs and fees: Refinancing introduces various costs, including origination fees, appraisal fees, attorney fees, and title insurance. Mortgage refinancing costs typically range from 2% to 5% of the new loan amount.
• Monthly payment: Your monthly payment is the amount you pay each month toward your home loan balance and interest. A refi mortgage calculator can help you compare your current monthly payment with the estimated payment after refinancing to potentially secure better terms.
• Total interest: Total interest is the cost you pay to the lender for borrowing money. A refinance calculator can help you estimate the total interest you would pay for your current mortgage versus a refinanced loan, aiding in your decision-making process.
How to Use the Iowa Mortgage Refinance Calculator
To use the Iowa mortgage refinance calculator, input your remaining loan balance, current and new interest rates, and loan terms. The calculator will help you assess potential savings and costs. Here is a step-by-step guide on how to use the calculator.
Step 1: Enter Your Remaining Loan Balance
Enter your remaining loan balance, which is the principal amount you still owe on your current Iowa home loan. This figure helps the calculator estimate your potential savings and costs.
Step 2: Add Your Current Interest Rate
Input your current interest rate to assess the financial impact of refinancing. For instance, if your current rate is 7.00%, and you’re considering a refinance to a 6.50% rate, the calculator will show potential savings.
Step 3: Estimate Your New Interest Rate
Estimate your new interest rate by researching current mortgage rates and considering your credit score and home equity. This helps you understand potential savings from refinancing, especially if rates have dropped since you initially purchased your home.
Step 4: Select Your Remaining Loan Term
Select your remaining loan term, which is the number of months left on your current mortgage. This estimates the total interest you’d pay if you kept your current mortgage.
Step 5: Choose a New Loan Term
Choose a new loan term, which can be shorter or longer than your current term. A shorter term can reduce total interest paid but increase monthly payments. A longer term can lower monthly payments but increase total interest costs.
Step 6: Enter Any Points You Intend to Purchase
Enter any points you plan to purchase. Mortgage points are upfront fees paid to the lender to reduce your interest rate. For example, if you plan to buy one point, the calculator will show the impact on your interest rate and monthly payments.
Step 7: Estimate Your Other Costs and Fees
Estimate other costs and fees, such as origination fees, appraisal fees, and title insurance. These costs can range from 2% to 5% of the new loan amount. Inputting these fees helps you understand the total financial impact of refinancing.
Step 8: Review Your Break-Even Point
The calculator computes your break-even point by subtracting your estimated monthly payment after refinancing from your current mortgage payment, then dividing the closing costs by the monthly savings.
Benefits of Using a Mortgage Refinance Payment Calculator
Using a refinance calculator can help you evaluate whether a mortgage refinance is a smart financial move. By entering different interest rates and loan terms, the calculator shows potential savings on monthly payments and total interest. A lower monthly payment can provide immediate financial relief, while a lower total interest can save you money over the long term.
Additionally, the refinance calculator can help you compare the costs and benefits of refinancing from a 30-year to a 15-year loan, or from an adjustable-rate mortgage (ARM) to a fixed-rate mortgage.
What Is the Break-Even Point in Refinancing?
The break-even point is the time it takes to recoup the closing costs on your refinance through monthly savings. To find this point, subtract your estimated monthly payment after refinancing from your current mortgage payment, then divide the closing costs by the monthly savings. For example, if refinancing saves you $100 a month and your closing costs are $2,500, it would take 25 months to break even. If you plan to move or sell your home before reaching this break-even point, refinancing may not be financially beneficial.
The exception to this rule is a cash-out refinance, where you’re tapping into your home equity rather than looking to save money on interest.
Recommended: How Soon Can You Refinance a Mortgage?
Current mortgage rates by state.
Compare current home interest rates by state and find a mortgage rate that suits your financial goals.
Select a state to view current rates:
Typical Closing Costs for a Refinance in Iowa
Refinancing a mortgage involves several costs, typically ranging from 2% to 5% of the new loan amount. Fixed costs include application fees (up to $500), credit reports ($25-$75), appraisals ($600-$2,000), recording fees ($25-$250), and attorney fees ($500-$1,000+).
Percentage-based costs include origination fees (0.5%-1%), title search/insurance (0.5%-1%), and points. Some fees, like inspection, are not always required. Comparison shopping and negotiating can help you find the best deal.
Recommended: What Is a No-Closing-Cost Refinance?
Tips on Reducing Your Mortgage Refinance Payment
The goal of refinancing your mortgage is usually to lower your monthly payments. Here are other ways you can reduce your monthly payment:
• Extend the term of your home loan, but be aware this will increase total interest paid over the life of the loan.
• Shop around for the best rates and terms to find the most competitive offers.
• Maintain a strong credit score and pay down existing debts to improve your loan terms and reduce overall costs.
• Shop for a lower homeowners insurance rate by increasing your deductible or bundling policies.
The Takeaway
Whether you’re looking to lower monthly payments, pay off your home loan faster, or access home equity, the Iowa mortgage refi calculator helps you understand the financial impact. Always weigh the potential benefits against associated costs and long-term implications to ensure refinancing aligns with your financial goals.
SoFi can help you save money when you refinance your mortgage. Plus, we make sure the process is as stress-free and transparent as possible. SoFi offers competitive fixed rates on a traditional mortgage refinance or cash-out refinance.
A mortgage refinance could be a game changer for your finances.
FAQ
How much does it cost to refinance your mortgage in Iowa?
Refinancing in Iowa involves costs ranging from 2% to 5% of the new loan amount. Common fees include loan application, credit report, appraisal, title insurance, and escrow fees.
How much does it cost to refinance a $300,000 mortgage?
Refinancing a $300,000 home loan can cost between $6,000 and $15,000, or 2% to 5% of the loan amount. Common fees include origination, appraisal, title insurance, and escrow fees.
Do you have to put 20% down to refinance?
You don’t need to put 20% down to refinance, but having at least 20% equity can help you avoid private mortgage insurance (PMI).
At what point is it not worth it to refinance?
Refinancing is not worth it if your break-even point extends beyond a reasonable time frame. The break-even point is the number of months required for the cumulative savings from a lower interest rate to outweigh all associated refinancing costs.
What month is best to refinance?
The best month to refinance depends on market conditions and your financial circumstances. Historically, rates are more favorable in September and October. Monitor rates and consult a financial advisor to determine the most suitable time.
Which bank is best for refinancing?
The best lender for refinancing depends on your needs and financial goals. Consider factors like current mortgage rates, loan terms, and customer service. Compare offers from multiple lenders to find the one that provides the most competitive interest rates and favorable repayment terms.
What credit score do you need for refinancing?
A minimum credit score of 620 is typically required for conventional loans. Higher scores, ideally 740 or above, can secure better interest rates and terms. Check your credit report for errors and take steps to build your score before applying.
What are the advantages of refinancing your home?
Refinancing your home can offer several advantages, such as securing a lower interest rate, reducing monthly payments, and switching from an adjustable-rate mortgage (ARM) to a fixed-rate loan for increased stability. A cash out refinance also allows you to access your home equity for various purposes.
Does refinancing hurt your credit?
Refinancing can cause a temporary dip in your credit score due to a hard inquiry, but the effect is usually small and brief. Timely payments and a lower interest rate can offset this initial dip. Long term, refinancing can improve credit utilization by helping manage debt.
SoFi Mortgages
Terms, conditions, and state restrictions apply. Not all products are available in all states. See SoFi.com/eligibility-criteria for more information.
SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.
*SoFi requires Private Mortgage Insurance (PMI) for conforming home loans with a loan-to-value (LTV) ratio greater than 80%. As little as 3% down payments are for qualifying first-time homebuyers only. 5% minimum applies to other borrowers. Other loan types may require different fees or insurance (e.g., VA funding fee, FHA Mortgage Insurance Premiums, etc.). Loan requirements may vary depending on your down payment amount, and minimum down payment varies by loan type.
Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.
Checking Your Rates: To check the rates and terms you may qualify for, SoFi conducts a soft credit pull that will not affect your credit score. However, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit.
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†To check the rates and terms you may qualify for, SoFi conducts a soft credit pull that will not affect your credit score. However, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit.
Terms and conditions apply. SOFI RESERVES THE RIGHT TO MODIFY TERMS AND DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME. To qualify for refinancing, you must fulfill all SoFi eligibility requirements. SoFi only refinances student loans totaling at least $5,000 that you used to fund tuition at an eligible Title IV accredited school where you were enrolled at least 50% time. Loans currently being used to fund education for actively enrolled students are not eligible for refinancing. For more detail, see SoFi.com/eligibility. Lowest rates reserved for the most creditworthy borrowers. You may pay more interest over the life of the loan if you refinance.
Notice: SoFi Refinance Student Loans are private loans. When you refinance federal loans with a SoFi loan, YOU FORFEIT YOUR ELIGIBILITY FOR ALL FEDERAL LOAN BENEFITS, including all flexible federal repayment and forgiveness options that are or may become available to federal student loan borrowers including, but not limited to: Public Service Loan Forgiveness (PSLF), Income-Based Repayment, Income-Contingent Repayment, extended repayment plans, PAYE or SAVE. Information current as of XX/XX/XX and subject to change. SoFi Refinance Student Loans are originated by SoFi Bank, N.A. Member FDIC. NMLS #696891 (www.nmlsconsumeraccess.org).
STUDENT LOAN REFI $500 BONUS: Terms and conditions apply. Offer is subject to lender approval. To receive the offer you must: (1) register and apply through the link above by 11:59pm ET 12/31/25; (2) complete a student loan refinance application with SoFi by 01/14/26; (3) fund your loan; (4) have a SoFi Money account or have or open a SoFi Checking and Savings account within 60 days of starting your Student Loan Refinance application to receive the bonus; and (5) meet SoFi’s underwriting criteria. Once conditions are met and the loan has been disbursed, your welcome bonus will be deposited into your SoFi Money or SoFi Checking and Savings account within 30 calendar days. Bonuses that are not redeemed within 180 calendar days of the date they were made available to the recipient may be subject to forfeit. Bonus amounts of $600 or greater in a single calendar year will be reported to the Internal Revenue Service (IRS) as miscellaneous income to the recipient on Form 1099-MISC in the year received as required by applicable law. Recipient is responsible for any applicable federal, state, or local taxes associated with receiving the bonus offer; consult your tax advisor to determine applicable tax consequences. SoFi reserves the right to change or terminate the offer at any time with or without notice.
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Terms and conditions apply. SOFI RESERVES THE RIGHT TO MODIFY TERMS AND DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME. To qualify for refinancing, you must fulfill all SoFi eligibility requirements. SoFi only refinances student loans totaling at least $5,000 that you used to fund tuition at an eligible Title IV accredited school where you were enrolled at least 50% time. Loans currently being used to fund education for actively enrolled students are not eligible for refinancing. For more detail, see SoFi.com/eligibility. Lowest rates reserved for the most creditworthy borrowers. You may pay more interest over the life of the loan if you refinance.
Notice: SoFi Refinance Student Loans are private loans. When you refinance federal loans with a SoFi loan, YOU FORFEIT YOUR ELIGIBILITY FOR ALL FEDERAL LOAN BENEFITS, including all flexible federal repayment and forgiveness options that are or may become available to federal student loan borrowers including, but not limited to: Public Service Loan Forgiveness (PSLF), Income-Based Repayment, Income-Contingent Repayment, extended repayment plans, PAYE or SAVE. Information current as of XX/XX/XX and subject to change. SoFi Refinance Student Loans are originated by SoFi Bank, N.A. Member FDIC. NMLS #696891 (www.nmlsconsumeraccess.org).
Student Loan Refinance Discount: Terms and conditions apply. This offer is extended only to eligible SoFi applicants and is exclusive to SoFi Student Loan Refinance application ID . Offer good for new and returning student loan refinance customers and subject to lender approval. To claim the discount, you must: (1) have received an extended offer from SoFi; (2) complete and sign the application that you started with SoFi with the following application ID: application ID before your rate expires; (3) and meet SoFi’s underwriting criteria. Once conditions are met and the loan has been disbursed, the interest rate shown in the Final Disclosure Statement will include an additional 0.25% rate discount. SoFi reserves the right to change or terminate the Signing Discount Program to unenrolled participants at any time with or without notice.
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Illinois Mortgage Refinance Calculator
Illinois Mortgage Refinance Calculator
By SoFi Editors | Updated November 20, 2025
Refinancing your home loan is a potentially powerful way to manage your finances more effectively; however, it’s important to fully understand both the potential benefits and the associated costs before making any decisions. Whether you’re an Illinois resident exploring your options, or a homeowner located in another state, utilizing a mortgage refinance calculator can be helpful. Let’s take a look at how a refinance calculator works and how to use it to your best advantage.
Key Points
• Using an Illinois mortgage refinance calculator can help homeowners estimate potential costs and savings linked to a new loan.
• The break-even point is an important number that helps determine if the savings from refinancing will outweigh the initial expenses within a reasonable timeframe.
• Refinancing to a lower interest rate, even by a small margin, can significantly reduce monthly payments and total interest paid.
• Choosing a shorter loan term through refinancing can lead to higher monthly payments but lower total interest costs.
• Purchasing mortgage points can lower your interest rate and monthly payments, but the upfront cost and break-even point must be carefully considered.
Illinois Mortgage Refinance Calculator
Calculator Definitions
• Remaining loan balance: The remaining loan balance is the principal amount still outstanding on your current home loan. Accurate input ensures a reliable estimate of monthly payments with a new loan.
• Current/New interest rate: Interest rate is the percentage of the loan amount charged by the lender. Lowering your interest rate can reduce monthly payments and total interest paid over the loan’s life.
• Remaining/New loan term: The loan term is the duration over which you will repay your mortgage. In this case, you’ll need to input both the number of years remaining on your existing loan and the number of years you would like for your new loan term.
• Points: Mortgage points are upfront fees paid to the lender to reduce your interest rate. Each point costs 1% of the loan amount and reduces your rate by 0.25%.
• Other costs and fees: Refinancing involves various costs and fees, such as origination fees, appraisal fees, and attorney fees. These can range from 2% to 5% of the new loan amount.
• Monthly payment: Your monthly payment includes the principal and interest on your mortgage. The refi calculator helps you compare your current payment to your estimated new payment.
• Total interest: Total interest is the overall cost of the loan, excluding the principal amount. It can accumulate significantly over the life of the mortgage.
How to Use the Illinois Mortgage Refinance Calculator
You’ll need to input a few details into the Illinois mortgage refinance calculator to determine your estimated costs on a new loan.
Step 1: Enter Your Remaining Loan Balance
Find your current principal balance on your latest mortgage statement.
Step 2: Add Your Current Interest Rate
Your current loan’s interest rate should also be on your latest statement, if you don’t recall it.
Step 3: Estimate Your New Interest Rate
Estimate what your new interest rate would be by comparing offers from different lenders or checking current mortgage rates. The type of mortgage loan you choose will impact the rate you’re offered. A lower rate can reduce your monthly payments and total interest paid.
Step 4: Select Your Remaining Loan Term
Type in the number of years you have left on your existing mortgage.
Step 5: Choose a New Loan Term
Input the number of years you would like to have to repay your new loan.
Step 6: Enter Any Points You Intend to Purchase
Purchasing points will lower your interest rate by .25%, but cost 1% of the loan amount upfront.
Step 7: Estimate Your Other Costs and Fees
Use your best estimate or check with your lender for a full list of fees.
Step 8: Calculate Your Break-Even Point
To determine your break-even point, the calculator divides the total costs of points and fees by the amount you stand to save on your monthly payment. This is the number of months you would need to stay in
your home to break even on the refinance.
Recommended: Cash-Out Refinance Loans
Benefits of Using a Mortgage Refinance Payment Calculator
Housing costs can be significant, but a home refi calculator can help assess if refinancing could lower your monthly payment, saving you money. The Illinois mortgage refinance calculator compares your current and potential new mortgage, showing monthly payments and total interest. If you’re wondering how soon you can refinance a mortgage, a refinance calculator can help you determine if you’re ready.
By inputting different rates and terms for the new mortgage, you can evaluate the financial impact of a refi. A lower payment frees up cash, while reduced interest saves money over the loan’s life. Even small interest rate reductions can yield considerable savings. Refinancing from a 30-year to a 15-year loan helps you build equity faster and cuts interest.
What Is the Break-Even Point in Refinancing?
One of the most important things the mortgage refinance calculator can help you determine is the break-even point: the time it takes for the savings from your new mortgage to cover the closing costs. To find your break-even point, the calculator subtracts your estimated monthly payment after a refinance from your current mortgage payment. Then it divides the total closing costs by whatever amount you are saving each month. (If you aren’t seeing any savings with a refi, that’s one sign it might not make sense to swap out your loan.)
For example, if your closing costs are $4,000 and you save $100 on your monthly payment, it would take 40 months to break even. If you plan to sell your home before reaching this point, refinancing might not be worth it.
Current mortgage rates by state.
Compare current home interest rates by state and find a mortgage rate that suits your financial goals.
Select a state to view current rates:
Typical Closing Costs for a Refinance in Illinois
Mortgage refinancing isn’t free. Mortgage refinancing costs in Illinois can come to 2% to 5% of the new loan amount in closing costs, and understanding the costs is a key part of learning how to refinance a mortgage. Typical fixed closing costs include loan application fees (up to $500), credit report fees ($25-$75), home appraisal fees ($600-$2,000), recording fees ($25-$250), and attorney fees ($500-$1,000+). Common percentage-based closing costs include loan origination fees (0.5%-1% of the purchase price), title search and insurance (0.5%-1% of the purchase price), and mortgage points.
While “no-closing-cost refinance” promotions may be appealing, they could be misleading, since many lenders will increase your interest rate to cover the cost of closing fees. So they’re not necessarily a good deal.
Recommended: How and When to Refinance a Jumbo Loan
Tips on Reducing Your Mortgage Refinance Payment
When you’re thinking about a refi, the chief motivator is likely the idea of reducing your monthly payment. Here are a few things you can do at various points in the mortgage process to help you pay less.
• Build up your credit score before applying for a home loan or refinance. It will help you secure better interest rates.
• Extend the term of your loan in the refi to lower monthly payments. You might pay more interest over the long haul, but if short-term cost reduction is your goal, this could be worth it.
• Appeal your property tax assessment. A lower assessment could reduce your monthly mortgage payment if you pay taxes as part of your loan payment.
• Shop for a lower homeowners insurance rate to decrease the cost of insurance, which is often rolled into the monthly payment.
The Takeaway
Refinancing your mortgage can help you save money, but it requires careful consideration and planning. An Illinois mortgage refinance calculator can help you estimate your new monthly payments, see if they’ll save you money, and assist you in determining whether a refinance is worthwhile based on the new loan’s break-even point. Remember to weigh the immediate benefits against the long-term costs, and consider the purpose of the refinance to ensure it’s the right move for you. Getting loan rate estimates from multiple lenders can help you find the refi that’s the right fit.
SoFi can help you save money when you refinance your mortgage. Plus, we make sure the process is as stress-free and transparent as possible. SoFi offers competitive fixed rates on a traditional mortgage refinance or cash-out refinance.
A mortgage refinance could be a game changer for your finances.
FAQ
How much does it cost to refinance your mortgage in Illinois?
Refinancing your mortgage in Illinois involves closing costs, which generally fall between 2% and 5% of the total new loan amount. These costs can encompass a range of fees, including loan application fees, credit report fees, home appraisal fees, title search fees, and insurance.
Do you have to put 20% down to refinance?
When refinancing your mortgage, you don’t need to put 20% down. However, having at least 20% equity in your home can help you avoid paying for private mortgage insurance (PMI), which can add to your monthly expenses.
At what point is it not worth it to refinance?
Refinancing might not be worth it if your break-even point is longer than the time you plan to stay in your home. For example, if your closing costs amount to $6,000 and you anticipate saving $200 per month, the break-even point would be 30 months. If you plan to move before this time elapses, the savings might not justify the costs.
Which bank is best for refinancing?
The best lender for a refinance isn’t necessarily the one who provided your current loan. Look around in the marketplace. Compare interest rates, loan terms, and customer service reputation from multiple lenders to find the best deal. Use an Illinois mortgage refinance calculator to estimate potential savings and costs associated with offers from different lenders.
SoFi Mortgages
Terms, conditions, and state restrictions apply. Not all products are available in all states. See SoFi.com/eligibility-criteria for more information.
SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.
*SoFi requires Private Mortgage Insurance (PMI) for conforming home loans with a loan-to-value (LTV) ratio greater than 80%. As little as 3% down payments are for qualifying first-time homebuyers only. 5% minimum applies to other borrowers. Other loan types may require different fees or insurance (e.g., VA funding fee, FHA Mortgage Insurance Premiums, etc.). Loan requirements may vary depending on your down payment amount, and minimum down payment varies by loan type.
Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.
Checking Your Rates: To check the rates and terms you may qualify for, SoFi conducts a soft credit pull that will not affect your credit score. However, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit.
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†To check the rates and terms you may qualify for, SoFi conducts a soft credit pull that will not affect your credit score. However, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit.
.
Terms and conditions apply. SOFI RESERVES THE RIGHT TO MODIFY TERMS AND DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME. To qualify for refinancing, you must fulfill all SoFi eligibility requirements. SoFi only refinances student loans totaling at least $5,000 that you used to fund tuition at an eligible Title IV accredited school where you were enrolled at least 50% time. Loans currently being used to fund education for actively enrolled students are not eligible for refinancing. For more detail, see SoFi.com/eligibility. Lowest rates reserved for the most creditworthy borrowers. You may pay more interest over the life of the loan if you refinance.
Notice: SoFi Refinance Student Loans are private loans. When you refinance federal loans with a SoFi loan, YOU FORFEIT YOUR ELIGIBILITY FOR ALL FEDERAL LOAN BENEFITS, including all flexible federal repayment and forgiveness options that are or may become available to federal student loan borrowers including, but not limited to: Public Service Loan Forgiveness (PSLF), Income-Based Repayment, Income-Contingent Repayment, extended repayment plans, PAYE or SAVE. Information current as of 12/08/25 and subject to change. SoFi Refinance Student Loans are originated by SoFi Bank, N.A. Member FDIC. NMLS #696891 (www.nmlsconsumeraccess.org).
*Terms and conditions apply. Offer subject to lender approval. To receive the offer, you must: (1) register and/or apply through the link in this email by 12/16/2025; (2) complete a loan application with SoFi within 90 days of your application submit date; (3) and meet SoFi’s underwriting criteria. Once conditions are met and the loan has been disbursed, the interest rate shown in the Final Disclosure Statement will include an additional 0.25% rate discount. SoFi reserves the right to change or terminate the Rate Discount Program to unenrolled participants at any time with or without notice.
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