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Oct
27
2025

New Tariffs Take the Shein Off Holiday Shopping

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This article appeared in SoFi's On the Money newsletter. Not getting it? Sign up here.

Senior Editor Rebecca Moretti explores hot topics at the intersection of finance and pop culture in our new column, “Out of the Chat.”

I’m not a Shein shopper, but whenever I report on it I inevitably venture to its overwhelming site and am left slightly slack-jawed. A 5-piece set of Cartier knockoff bracelets for $2.70? A Halloween skeleton serving tray for 19 cents?! This time around, I even discovered you can get 10 plastic toes, designed to be dangled out of Croc holes, for under $5 (terrifying).

Along with Amazon (“the everything store”), Chinese ecomm giants Shein and Temu have become go-tos for affordable clothing and household goods. And with the holidays upon us, that means more Americans are (or will be) shopping for Shein Halloween costumes, Temu Thanksgiving decorations, and Amazon Christmas gifts.

But an extra 100% tariff on Chinese imports, which President Trump said is set to take effect on Nov. 1, could make shopping on these sites a lot pricier. And the “de minimis” rule — which exempted shipments under $800 from tariffs — was scrapped earlier this year, so it no longer applies to imports from China or anywhere else. In fiscal 2024, there were over 1.36 billion de minimis shipments to the U.S., or 3.7 million a day. That’s almost 10 times as many as a decade earlier.

Now that the de minimis workaround is gone, everything is fair game for tariffs. So even if that Temu turkey apron you spotted is only $5 now, it could end up costing $10 if companies pass on all of their tariff costs to consumers.

Given all the tariff news, I can’t help but wonder how much the stuff I’m buying would have cost just a year ago, especially when the “origin” description on Amazon says it’s imported or when the tags on my clothing reveal they’re made outside the U.S. (That’s usually the case — the U.S. is the largest apparel importer in the world).

When imports from China became the first to lose the de minimis loophole this spring, Shein and Temu both immediately announced they would be hiking prices.

According to an analysis by Bloomberg, prices on 100 Shein beauty and health products climbed an average of 51% in a single day (eyebrow gel nearly tripled!), while kitchen products and toys jumped more than 30%. Another study by Reuters in July showed prices for some popular kids’ clothing items had risen over 60% since April. Meanwhile, Amazon quietly raised its prices on many low-cost items, according to a Wall Street Journal analysis of 2,500 products.

It’s possible that the tariff math could change. Trump has softened some of his rhetoric on China ahead of his meeting with Chinese leader Xi Jinping, saying it will lead to a “fantastic” trade deal. And of course, any of this year’s sweeping new tariffs, which affected imports on virtually every country, could get scrapped if the Supreme Court decides that Trump didn’t have the legal authority to impose them. (SCOTUS is expected to hear oral arguments on this on Nov. 5). That would be a game-changer for businesses and consumers.

Regardless of what happens, this may be a perfect time to lean into the thrifting and secondhand shopping trend, especially given all the sustainability issues and labor concerns surrounding companies like Shein, which has been accused of being the biggest polluter in fast-fashion.

Personally, I love a good treasure-hunt, and who knows — the plastic skeleton you find at Goodwill might end up being cheaper than the Shein version.

Please understand that this information provided is general in nature and shouldn’t be construed as a recommendation or solicitation of any products offered by SoFi’s affiliates and subsidiaries. In addition, this information is by no means meant to provide investment or financial advice, nor is it intended to serve as the basis for any investment decision or recommendation to buy or sell any asset. Keep in mind that investing involves risk, and past performance of an asset never guarantees future results or returns. It’s important for investors to consider their specific financial needs, goals, and risk profile before making an investment decision.

The information and analysis provided through hyperlinks to third party websites, while believed to be accurate, cannot be guaranteed by SoFi. These links are provided for informational purposes and should not be viewed as an endorsement. No brands or products mentioned are affiliated with SoFi, nor do they endorse or sponsor this content.

SoFi isn't recommending and is not affiliated with the brands or companies displayed. Brands displayed neither endorse or sponsor this article. Third party trademarks and service marks referenced are property of their respective owners.

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Oct
27
2025

Week Ahead on Wall Street: Trick or Treat, Miss or Beat

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The government is still shut down, and that means that investors continue to fly partially blind without much of the economic data they normally rely on. Are there any skeletons in the economy’s closet? For now, those answers mostly elude us. (Though September’s Consumer Price Index, one of the few metrics we’ve gotten since the shutdown, rose less than expected, increasing 0.3% month-over-month and 3.0% year-over-year, the Bureau of Labor Statistics said Friday.)

The spotlight will be firmly on the mega-cap technology and consumer giants. We’re set to hear from Apple (AAPL), Amazon (AMZN), Alphabet (GOOGL), Meta (META), and Microsoft (MSFT). These companies account for about a quarter of the market capitalization of the entire S&P 500, meaning their performance can influence the direction of the entire market. But beyond them, 169 other companies within the index — representing an additional quarter of the S&P 500’s market cap — will be reporting this week.

Their earnings could influence more than their own stock prices, too. These companies provide a window into the health of the entire economy through insights on cloud business spending, the advertising market, and broader consumer demand. Oh, and we’ll get their latest read on the artificial intelligence revolution.

So far, this earnings season has been more treat than trick, but a spooky surprise is always possible.

Economic and Earnings Calendar

Most releases involving government data will not be released while the shutdown is ongoing.

Monday

•  September Factory and Durable Goods Orders: These metrics give insight into underlying trends for leading cyclical indicators.

•  October Dallas Fed Manufacturing Activity: This is the Dallas Fed’s survey of manufacturing executives in the region on business conditions and their outlook.

•  Earnings: Arch Capital Group (ACGL), Alexandria Real Estate Equities (ARE), Brown & Brown (BRO), Cadence Design Systems (CDNS), Cincinnati Financial (CINF), F5 Networks (FFIV), Hartford Financial Services Group (HIG), Keurig Dr Pepper (KDP), Nucor (NUE), NXP Semiconductors (NXPI), Principal Financial Group (PFG), PerkinElmer (RVTY), Universal Health Services (UHS), Welltower (WELL), Waste Management (WM)

Tuesday

•  August FHFA House Price Index: This is a broad measure of single-family house prices released by the Federal Housing Finance Agency.

•  October Richmond Fed Manufacturing Activity: The Richmond Fed’s survey of manufacturing executives in the region on business conditions and their outlook.

•  October Richmond Fed Non-Manufacturing Activity: The Richmond Fed’s survey of services executives in the region on business conditions and their outlook.

•  October Conference Board Consumer Confidence: How consumers feel about economic conditions affect their spending habits. This survey places a particular focus on job availability and the state of the labor market.

•  October Dallas Fed Non-Manufacturing Activity: This is the Dallas Fed’s survey of services executives in the region on business conditions and their outlook.

•  Earnings: American Tower (AMT), A O Smith (AOS), Booking Holdings (BKNG), Boston Properties (BXP), Carrier Global Corp (CARR), CoStar Group (CSGP), DR Horton (DHI), Electronic Arts (EA), Ecolab (ECL), Edison International (EIX), Equity Residential (EQR), Expand Energy Corporation (EXE), Corning (GLW), Hubbell (HUBB), Incyte (INCY), IQVIA Holdings (IQV), Invesco (IVZ), Laboratory of America Holdings (LH), Mondelez International (MDLZ), MSCI (MSCI), NextEra Energy (NEE), ONEOK (OKE), PPG Industries (PPG), PayPal (PYPL), Royal Caribbean Cruises (RCL), Regency Centers (REG), Regeneron Pharmaceuticals (REGN), Sherwin-Williams (SHW), Seagate Technologies (STX), Sysco (SYY), Teradyne (TER), UnitedHealth Group (UNH), United Parcel Service (UPS), Visa (V), Veralto Corporation (VLTO), Xylem (XYL), Zebra Technologies (ZBRA)

Wednesday

•  September Wholesale Inventories and Sales: Wholesalers often operate as an intermediary between manufacturers and retailers, serving as a key part of the goods supply chain.

•  September Wholesale and Retail Inventories: Wholesalers and retailers often operate as intermediaries for the sale of manufactured products, serving as a key part of the goods supply chain.

•  FOMC Interest Rate Decision: The Federal Reserve will announce any changes to monetary policy after the conclusion of its two-day FOMC meeting, in addition to providing commentary on the economy. It’s one of eight regularly scheduled meetings per year.

•  Weekly Mortgage Applications: Mortgage activity gives insight on demand conditions in the housing market.

•  Earnings: Automatic Data Processing (ADP), Align Technology (ALGN), AvalonBay Communities (AVB), American Water Works (AWK), Boeing (BA), Caterpillar (CAT), CH Robinson Worldwide (CHRW), Chipotle Mexican Grill (CMG), Centene (CNC), Cognizant Technology Solutions (CTSH), CVS Health (CVS), Dayforce Inc (DAY), DaVita (DVA), eBay (EBAY), Everest RE Group (EG), Equinix (EQIX), Essex Property Trust (ESS), Entergy (ETR), Extra Space Storage (EXR), Fiserv (FI), Fortive (FTV), GE HealthCare Technologies Inc (GEHC), Generac Holdings (GNRC), Alphabet (Non-Voting Shares) (GOOG), Alphabet (GOOGL), Garmin (GRMN), IDEX (IEX), Invitation Homes (INVH), Kraft Heinz (KHC), KLA-Tencor (KLAC), Mid-America Apartment Communities (MAA), Masco (MAS), Meta Platforms, Inc. (META), MGM Resorts International (MGM), Microsoft (MSFT), NiSource (NI), ServiceNow (NOW), Old Dominion Freight Line (ODFL), Otis Worldwide (OTIS), Prudential Financial (PRU), Public Storage (PSA), Phillips 66 (PSX), Rollins (ROL), Starbucks (SBUX), Smurfit WestRock (SW), TE Connectivity (TEL), Tyler Technologies (TYL), UDR (UDR), Verisk Analytics (VRSK), Ventas (VTR), Verizon (VZ)

Thursday

•  3Q GDP First Estimate: The primary measure of economic activity in the United States, which is measured as total expenditure on a country’s goods and services.

•  Weekly Jobless Claims: This high frequency labor market data gives insight into filings for unemployment benefits.

•  Fedspeak: Dallas Fed President Lorie Logan will deliver welcoming remarks at a bank funding conference hosted by the regional Fed bank.

•  Earnings: Apple (AAPL), Arthur J Gallagher & Co (AJG), Ametek (AME), Ameriprise Financial (AMP), Amazon (AMZN), Aptiv (APTV), Baxter International (BAX), Biogen (BIIB), Builders FirstSource (BLDR), Bristol-Myers Squibb (BMY), Cardinal Health (CAH), Cigna (CI), Comcast (CMCSA), CMS Energy (CMS), Coinbase (COIN), DTE Energy (DTE), DexCom (DXCM), Estee Lauder Companies (EL), EMCOR Group (EME), Erie Indemnity (ERIE), Edwards Lifesciences (EW), Fox Class B (FOX), Twenty-First Century Fox Class A (FOXA), First Solar (FSLR), GoDaddy (GDDY), Gilead Sciences (GILD), Huntington Ingalls Industries (HII), Hershey (HSY), Howmet Aerospace (HWM), Intercontinental Exchange (ICE), International Paper (IP), Ingersoll Rand (IR), Kellogg (K), Kimco Realty (KIM), Kimberly-Clark (KMB), L3Harris Technologies (LHX), LKQ (LKQ), Eli Lilly (LLY), Mastercard (MA), Altria Group (MO), Monolithic Power Systems (MPWR), Merck & Co (MRK), Motorola Solutions (MSI), Quanta Services (PWR), ResMed (RMD), Republic Services (RSG), Southern Company (SO), S&P Global (SPGI), Stryker (SYK), Trane Technologies (TT), Vici Properties (VICI), Vulcan Materials (VMC), Western Digital (WDC), WEC Energy Group (WEC), Willis Towers Watson Public (WTW), Weyerhaeuser (WY), Xcel Energy (XEL)

Friday

•  September Personal Income and Spending: These numbers give insight into how Americans are doing, which is important since consumer spending accounts for about two-thirds of economic growth in the United States.

•  September Personal Consumption Expenditures Price Index: The Fed targets this inflation measure for its price stability mandate and believes PCE to be the best measure of consumers’ spending habits.

•  3Q Employment Cost Index: This is the most comprehensive measure of worker compensation, including wages, bonuses, benefits and more.

•  October Chicago Business Barometer: The barometer provides information on U.S. economic activity and business conditions, consisting of seven activity indicators and three buying policy indicators.

•  Fedspeak: Logan will deliver opening remarks at the bank funding conference. Cleveland Fed President Beth Hammack and Atlanta Fed President Raphael Bostic will participate in a fireside chat at the bank funding conference.

•  Earnings: AbbVie (ABBV), Aon Plc (AON), Cboe Global Markets (CBOE), Church & Dwight (CHD), Charter Communications (CHTR), Colgate-Palmolive (CL), Chevron (CVX), Dominion Energy (D), Federal Realty Investment Trust (FRT), WW Grainger (GWW), Linde PLC (LIN), LyondellBasell Industries (LYB), T Rowe Price Group (TROW), Exxon Mobil (XOM)

 

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Please understand that this information provided is general in nature and shouldn’t be construed as a recommendation or solicitation of any products offered by SoFi’s affiliates and subsidiaries. In addition, this information is by no means meant to provide investment or financial advice, nor is it intended to serve as the basis for any investment decision or recommendation to buy or sell any asset. Keep in mind that investing involves risk, and past performance of an asset never guarantees future results or returns. It’s important for investors to consider their specific financial needs, goals, and risk profile before making an investment decision.

The information and analysis provided through hyperlinks to third party websites, while believed to be accurate, cannot be guaranteed by SoFi. These links are provided for informational purposes and should not be viewed as an endorsement. No brands or products mentioned are affiliated with SoFi, nor do they endorse or sponsor this content.

SoFi isn't recommending and is not affiliated with the brands or companies displayed. Brands displayed neither endorse or sponsor this article. Third party trademarks and service marks referenced are property of their respective owners.

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Oct
25
2025

Free St. Petersburg, FL Mortgage Loan Calculator

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St. Petersburg, FL Mortgage Calculator

By SoFi Editors | Updated October 24, 2025

When you’re considering purchasing a home in St. Petersburg, understanding your potential mortgage payments is a big first step. A St. Petersburg mortgage calculator can provide clarity on what your monthly expenses might look like and assist you in making informed decisions about your down payment, loan term, and more. This article will guide you through using a mortgage calculator and help you get the most out of this tool.

Key Points

•  Using a mortgage calculator involves inputting your estimated purchase price, down payment, interest rate, loan term, and property tax rate.

•  A loan term is typically 10 to 30 years and helps govern overall costs.

•  First-time homebuyer programs can help buyers afford a down payment, closing costs, or both.

•  A mortgage calculator can help you determine what home price, down payment, and interest rate you can afford.

•  There are ways to lower your monthly mortgage costs even after you make your home purchase.

St. Petersburg Mortgage Calculator

Calculator Definitions

•  Home price: The home price is the purchase price that you have agreed upon with the home seller. This is a key figure when it comes to determining your home loan amount.

•  Down payment: The down payment is the amount you pay upfront. Buyers typically put down between 3% and 20%. A down payment calculator can show you how much you would need to put down to reach 20%, which would likely eliminate the need to pay for private mortgage insurance (PMI).

•  Loan term: The loan term is the length of time you have to repay the loan. Common terms are 15 and 30 years. A shorter term can reduce total interest paid but increases monthly payments. A longer term offers lower monthly payments but results in more interest overall.

•  Interest rate: The interest rate is the cost of borrowing money, expressed as a percentage of the total loan amount. Interest rates vary based on factors such as your credit score and the type of mortgage loan you choose.

•  Annual property tax: Property tax helps determine your total monthly housing payment.

•  Monthly payment: The monthly payment represents what you would pay toward the loan’s principal and interest each month, plus a sum that goes toward your property tax. This calculator does not include home insurance, private mortgage insurance, or homeowners association (HOA) fees.

•  Total interest paid: The total interest paid represents the amount of interest you will pay over the life of your home loan. A larger down payment, lower interest rate, or shorter loan term can reduce this amount.

•  Total loan cost: The total loan cost represents the entire amount you will pay for the loan, including both the principal borrowed and the accumulated interest.

How to Use the St. Petersburg Mortgage Calculator

Step 1: Enter Your Home Price

Type the home price, which is the agreed-upon purchase price with the home seller.

Step 2: Select a Down Payment Amount

Choose the percent of the home price you will pay upfront. A larger down payment can reduce monthly payments and total interest paid. Use a down payment calculator to determine the right figure for your budget.

Step 3: Choose a Loan Term

Select the length of time you would like to repay the mortgage, anywhere from 10 to 30 years. A longer term means lower monthly payments but more interest over time.

Step 4: Enter an Interest Rate

Input your estimated interest rate to the second or third decimal point. A lower rate reduces monthly payments and total interest paid.

Step 5: Add Your Annual Property Tax Rate

Enter the home’s property tax rate. The average effective property tax rate for Pinellas County, where St. Petersburg is located, is 0.76%.

Benefits of Using a Mortgage Payment Calculator

A mortgage calculator helps you estimate how much house you can afford by calculating monthly payments based on loan amount, interest rate, and repayment term. Use this tool to compare costs, like how the interest rate affects your monthly payments. Check out different loan terms to see their impact on expenses and total interest.

A St. Petersburg mortgage calculator is particularly helpful if you’re buying your first home, as it allows you to play with different scenarios (raising and lowering the down payment amount, for example).

Deciding How Much House You Can Afford in St. Petersburg

In St. Petersburg, the median home sale price in late 2025 was $390,000 — more affordable than the national median of around $439,000, according to Redfin.

Lenders suggest a mortgage payment shouldn’t exceed 28% of your gross monthly income. You’d need to earn an annual income of about $90,000 to afford the monthly payment on a $390,000 home, which comes to about $2,082. That payment amount assumes a 20% down payment ($78,000), an interest rate of 7.00% on a 30-year mortgage, and a property tax rate of 0.76%.

Lenders also recommend total debt payments stay under 36% of gross monthly income; other debts shouldn’t exceed $595 monthly in this case. If you want to factor in other debts, such as a car loan or student loan for example, you can use a home affordability calculator.

A more reliable method to help you determine affordability is to go through the mortgage preapproval process with a lender, where you provide detailed financial information. The lender will let you know whether you qualify for a loan and, if so, in what amount and under what terms.

Components of a Mortgage Payment

A mortgage payment mainly covers the principal (borrowed amount) and interest (borrowing cost). Your monthly payment might also include property tax, which is based on your home’s assessed value. If your down payment is less than 20%, you may be required to purchase PMI. Other potential costs that are often rolled into the payment are homeowners association (HOA) fees and homeowners insurance.

Homebuyers who are considering purchasing with the help of a Federal Housing Administration (FHA) loan will have an upfront and ongoing mortgage insurance premium to pay. These loans are still very affordable and are popular with first-time buyers. If you are considering an FHA loan, use an FHA mortgage calculator.

Similarly, if you are purchasing with a loan backed by the U.S. Department of Veterans Affairs, you’ll want a VA mortgage calculator.

Finally, if you are purchasing a pricey property, consider something called a jumbo loan. This type of loan is designed for when your loan amount is over the conforming loan limit set by the Federal Housing Finance Agency (FHFA).

Recommended: Average Monthly Expenses for One Person

Cost of Living in St. Petersburg

St. Petersburg’s cost of living is 18% more expensive than the national average and 7% more expensive to live in than the average city in Florida, according to the Economic Research Institute (ERI). The cost of living gives you a sense of how far your dollar goes toward necessities like housing, utilities, groceries, health care, and transportation.

For a family of two working adults (working full-time) and two children, MIT’s Living Wage Institute estimates that you would need an hourly wage of $41.45 to support your household in St. Petersburg.

While St. Petersburg did not land on the best affordable places in the U.S. list, it is considered a best place to live in Florida for families.

Recommended: The Cost of Living in the U.S.

Run the numbers on your home loan.

Using the free calculators is for informational purposes only, does not constitute an offer to receive a loan, and will not solicit a loan offer. Any payments shown depend on the accuracy of the information provided.

Tips for Reducing Your Mortgage Payment

As you explore your monthly bills, you may wonder how you can reduce your mortgage payment. Here are some ways borrowers can lower their payments:

•  Make additional payments toward the principal to decrease both the term of your loan and the total interest paid over its lifetime.

•  Once you’ve built 20% equity in your home, request that your lender cancel PMI payments to save on unnecessary costs.

•  If you think your property taxes are too high, the Pinellas County Value Adjustment Board (VAB) can inform you about the appeals process.

•  See if your insurer offers a discount for bundling policies. Sometimes if you purchase more than one policy with them — both a homeowners and auto policy, for instance — they may offer a discount.

•  If mortgage rates have dropped since you made your purchase, consider a mortgage refinance.

St. Petersburg First-Time Homebuyer Assistance Programs

If you’re buying your first home in St. Petersburg, there are down payment assistance programs that can provide financial aid for the down payment, closing costs, or both. To qualify, you must not have owned a primary residence within the past three years.

The Florida Housing Finance Corporation (known as Florida Housing) offers first-time buyers a variety of assistance programs, which typically include homebuyer education classes. These can help buyers understand how much mortgage they can afford and how the lending and closing processes work.

Recommended: Do You Qualify as a First-Time Homebuyer?

The Takeaway

Using a St. Petersburg mortgage calculator is a valuable step in the home-buying process. It helps you estimate monthly payments, understand the impact of different down payment amounts, and compare various loan terms and interest rates. This tool can help provide a clearer picture of your financial obligations and lead you to making informed decisions about your home loan, especially if you are a first-time homebuyer.

Looking for an affordable option for a home mortgage loan? SoFi can help: We offer low down payments (as little as 3% - 5%*) with our competitive and flexible home mortgage loans. Plus, applying is extra convenient: It's online, with access to one-on-one help.


SoFi Mortgages: simple, smart, and so affordable.



View your rate

FAQ

How much should I put down on a mortgage?

You should put as much money as you comfortably can toward a down payment on a home, while ensuring that you aren’t stretching your finances too much. A first-time homebuyer can sometimes put down as little as 3%, and repeat buyers may be able to contribute just 5%. If you put down less than 20%, you will likely have to add private mortgage insurance payments to your monthly bill.

Should I choose a 30-year or 15-year mortgage term?

A 30-year mortgage offers lower monthly payments, but you will pay more interest over time. A 15-year mortgage has higher monthly payments but saves on interest. Consider your financial goals and budget, and choose the shortest term that you feel you can comfortably afford.

How can I get a lower mortgage interest rate?

For the lowest mortgage interest rate, work to cultivate a strong credit score (aim for 700 or more). Go through the online prequalification process with multiple lenders to see how low a rate you might be able to obtain. A higher down payment may help, too, if you can afford to make one. If you already own a home, you can explore a mortgage refinance and compare the costs of your old loan versus a new one (plus closing costs) at a new, lower rate.

How much is the payment on a $400,000 mortgage with a 30-year term?

The cost of a $400,000 mortgage with a 30-year term will depend on your interest rate and a down payment. For example, at an interest rate of 6.00%, and a down payment of 20% ($80,000), your monthly payment would be $1,919. This estimate includes principal and interest but not property taxes, insurance, or other fees.

Learn more about mortgages:

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.


¹FHA loans are subject to unique terms and conditions established by FHA and SoFi. Ask your SoFi loan officer for details about eligibility, documentation, and other requirements. FHA loans require an Upfront Mortgage Insurance Premium (UFMIP), which may be financed or paid at closing, in addition to monthly Mortgage Insurance Premiums (MIP). Maximum loan amounts vary by county. The minimum FHA mortgage down payment is 3.5% for those who qualify financially for a primary purchase. SoFi is not affiliated with any government agency.


†Veterans, Service members, and members of the National Guard or Reserve may be eligible for a loan guaranteed by the U.S. Department of Veterans Affairs. VA loans are subject to unique terms and conditions established by VA and SoFi. Ask your SoFi loan officer for details about eligibility, documentation, and other requirements. VA loans typically require a one-time funding fee except as may be exempted by VA guidelines. The fee may be financed or paid at closing. The amount of the fee depends on the type of loan, the total amount of the loan, and, depending on loan type, prior use of VA eligibility and down payment amount. The VA funding fee is typically non-refundable. SoFi is not affiliated with any government agency.


Tax Information: This article provides general background information only and is not intended to serve as legal or tax advice or as a substitute for legal counsel. You should consult your own attorney and/or tax advisor if you have a question requiring legal or tax advice.
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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Oct
25
2025

New York Mortgage Refinance Calculator

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New York Mortgage Refinance Calculator

By SoFi Editors | Updated October 24, 2025

Refinancing your mortgage can be a smart money move, offering opportunities to save on monthly payments, adjust loan terms, or access home equity. A mortgage refinance calculator helps you assess the financial impact of refinancing by providing estimates of potential savings and costs. This guide will walk you through the process of using a New York mortgage refinance calculator and help you make an informed decision about whether to trade your old loan for a new one.

Key Points

•  A New York mortgage refinance calculator helps homeowners assess the financial impact of refinancing.

•  The calculator estimates costs and potential savings associated with refinancing.

•  Refinancing can lower monthly payments, shorten the loan term, or help owners access home equity.

•  The break-even point, calculated using a refinance calculator, helps determine if the savings from refinancing outweigh the initial costs within a reasonable time frame.

•  Improving your credit score can enhance your refinancing options and help you secure better interest rates, potentially saving you thousands of dollars over the life of the loan.

New York Mortgage Refinance Calculator


Calculator Definitions

•   Remaining loan balance: The remaining loan balance is what you still owe on your existing mortgage. If you’re wondering how soon you can refinance a mortgage, this number is key. Most lenders won’t consider a refi unless you have at least 20% equity. To determine if you’ve hit 20%, subtract your loan balance from your home’s value then divide by the estimated value for a percentage of equity.

•   Current/New interest rate: Interest is a big part of mortgage payments, reflecting the percentage of the loan amount charged by the lender. Mortgage rates fluctuate based on market conditions and your credit score. A new, lower interest rate can reduce both your monthly payments and total interest paid.

•   Loan term: The loan term is the duration over which you will repay your mortgage after refinancing. Shortening the term can save you money on interest, while extending it can reduce monthly payments. Use the calculator to estimate the impact of different terms.

•   Points: Mortgage points are upfront fees paid to reduce your interest rate. Each point costs 1% of the loan amount and can lower your rate by 0.25%. Consider the long-term savings when deciding to purchase points.

•   Other costs and fees: Refinancing incurs various costs, including origination fees, appraisal fees, attorney fees, and closing costs. These expenses typically range from 2% to 5% of the new loan amount.

•   Monthly payment: Your monthly mortgage payment includes both principal and interest. Use the refinance calculator to compare your current payment with the estimated new payment. A lower monthly payment can free up cash flow, but that doesn’t always equate to long-term savings.

•   Total interest: Total interest is the cost you pay to the lender for borrowing money, excluding the principal. Over the life of a mortgage, total interest can equal or surpass the initial loan amount. Compare the total interest paid before refinance with the projected total interest on a mortgage refinance to determine potential savings.

How to Use the New York Mortgage Refinance Calculator

Input your current loan details and proposed refinance terms into the New York mortgage refinance calculator to estimate potential savings and costs.

Step 1: Enter Your Remaining Loan Balance

Enter your remaining home loan balance, which is the principal amount you still owe on your current mortgage.

Step 2: Add Your Current Interest Rate

Input the interest rate you have now, found on your latest mortgage statement or by contacting your lender.

Step 3: Estimate Your New Interest Rate

Estimate what your new interest rate would be by comparing offers from different lenders or checking online for current mortgage rates. 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 current mortgage.

Step 5: Choose a New Loan Term

Select a new loan term, anywhere from 10 to 30 years. A shorter term can save on interest, while a longer term can lower monthly payments.

Step 6: Enter Any Points You Intend to Purchase

Input any points you plan to purchase. Each point costs 1% of the loan amount and lowers your interest rate by 0.25%.

Step 7: Estimate Your Other Costs and Fees

Estimate other costs and fees, such as application fees, appraisal fees, and attorney fees. Input these into the calculator to see their impact on your potential savings.

Step 8: Calculate Your Break-Even Point

Calculate your break-even point, the number of months required for any savings you might enjoy on your monthly payment to offset the closing costs. Use this information to decide if refinancing is beneficial.

Benefits of Using a Mortgage Refinance Payment Calculator

Using a refinance calculator can help you evaluate whether refinancing is possible and beneficial. It provides a detailed comparison of your current and potential new mortgage, showing how different interest rates and loan terms could affect your monthly payment and total interest paid. Even a small reduction in your interest rate can result in substantial savings, especially for larger mortgages.

The calculator can also help you determine how to refinance a mortgage. It will help you consider the purpose of your refinance, whether it’s to lower your interest rate, switch to a different type of mortgage loan (such as a fixed-rate loan), or access home equity with a cash-out refinance.

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 on a refinance. This is the time it takes to recoup all closing costs through monthly savings. To find your break-even point, subtract your estimated monthly payment after a refinance from your current mortgage payment. Then divide 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 $5,000 and you save $100 on your monthly payment, it would take 50 months to break even. If you plan to sell your home before reaching this point, refinancing might not be worth it.

Typical Closing Costs for a Refinance in New York

Mortgage refinancing costs in New York are typically 2% to 5% of the loan. 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. Sometimes new title insurance and an inspection aren’t always required.

You can reduce costs by comparing lenders’ offers and negotiating fees. Some lenders offer a no-closing-cost refinance but these may come with a higher interest rate.

Not surprisingly, refinancing a jumbo loan may come with higher costs.

Tips on Reducing Your Mortgage Refinance Payment

There are ways to minimize your monthly mortgage payment in the context of a refinance. Try to do this before beginning the refinancing process:

•  Build your credit score before refinancing to secure a lower interest rate.

•  Shop around and compare offers from multiple lenders to find the best rates and terms.

•  Consider extending the term of your loan to reduce monthly payments (remember that this could increase your total interest paid).

•  Homeowners insurance premiums are often included in mortgage payments, so shop for a lower homeowners insurance rate by increasing your deductible or bundling policies.

The Takeaway

Refinancing your mortgage can sometimes mean saving on monthly payments and total interest paid. But taking this step requires careful consideration. A mortgage refinance calculator helps you estimate potential savings, both monthly and over the life of the loan. Studying your results and looking at the break-even point of a refi can help you decide if going through the refinancing process aligns with your financial goals.

Looking for an affordable option for a home mortgage loan? SoFi can help: We offer low down payments (as little as 3% - 5%*) with our competitive and flexible home mortgage loans. Plus, applying is extra convenient: It's online, with access to one-on-one help.


SoFi Mortgages: simple, smart, and so affordable.



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FAQ

How much does it cost to refinance your mortgage in New York?

Refinancing in New York involves closing costs ranging from 2% to 5% of the new loan amount. These costs may include application fees, credit report fees, appraisal fees, and title insurance. Shop around for lenders and compare rates to minimize expenses.

How much does it cost to refinance a $300,000 mortgage?

Refinancing a $300,000 mortgage could cost between $6,000 and $15,000 in closing costs. You would need to pay lender fees, appraisal fees, and title insurance, among other things. Using a refinance calculator can help you estimate your break-even point and see whether the costs are worth any savings you might enjoy.

Do you have to put 20% down to refinance?

Refinancing doesn’t require a 20% down payment. Instead, many lenders often require homeowners to have at least 20% equity in their home to be eligible to refinance. To determine whether you meet the equity goal, subtract the balance you owe on your mortgage principal from your home’s estimated value. Divid the answer by the home value and you’ll see your percentage of equity.

At what point is it not worth it to refinance?

Refinancing might not be worthwhile if the break-even point is too far in the future. For example, if closing costs are $6,000 and you save $100 monthly, it would take 60 months to break even. If you don’t plan to own the home for at least five years, refinancing might not be worth it.

What month is best to refinance?

The best month to refinance depends on prevailing mortgage rates and your financial readiness. Historically, rates are lower in fall and winter, but your best bet is to monitor current rates and ensure you’re financially stable before applying.

Which bank is best for refinancing?

Choosing the best bank for refinancing depends primarily on the interest rate and terms the lender offers. But you’ll also want to consider the lender’s reputation — especially for customer service.

What credit score do you need for refinancing?

Most lenders require a minimum credit score of 620 for conventional loans. A higher score, such as 700 or above, can secure better interest rates and terms. Check your credit report, and do what you can to polish your score until it shines before applying.

What are the advantages of refinancing your home?

Refinancing can offer several advantages, including a lower interest rate, reduced monthly payments, and the ability to switch from an adjustable-rate loan to a fixed-rate one. A cash-out refinance allows you to borrow more than you currently owe on your mortgage so that you can use the extra cash for various needs. Use a mortgage refinance calculator to determine whether refinancing confers financial benefits.

Does refinancing hurt your credit?

Refinancing can temporarily lower your credit score due to a hard inquiry, but the impact is usually minimal. Manage the new loan responsibly to recover and see your credit score improve over time.

Learn more about mortgages:

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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Oct
25
2025

Free Anaheim, CA Mortgage Loan Calculator

By | Uncategorized | Comments Off on Free Anaheim, CA Mortgage Loan Calculator


Anaheim Mortgage Calculator

By SoFi Editors | Updated October 23, 2025

When considering a home purchase in Anaheim, a mortgage calculator is a supremely helpful tool. You can quickly estimate your monthly mortgage payment, and see the total interest you would pay and the overall cost of the mortgage. This is especially useful if you are buying your first home and need to carefully plan your budget. This article will guide you through how to use this tool effectively, ensuring you make informed decisions about your home purchase.

Key Points

•  An Anaheim mortgage calculator helps estimate monthly payments, total interest, and overall loan cost, providing a clearer financial picture for homebuyers.

•  A 15-year mortgage term can help buyers build equity faster and will cost less in interest, but it comes with higher monthly payments compared to a 30-year term.

•  Improving your credit score can help you secure a lower interest rate, reducing monthly payments and total interest paid.

•  Anaheim home prices are significantly higher than the U.S. average.

•  Down payment assistance programs can significantly reduce the initial financial burden for some first-time homebuyers and those with limited savings in Anaheim.

Anaheim Mortgage Calculator

Calculator Definitions

•  Home price: The home price is the purchase price you have agreed to with the home seller, which may differ from the listing price or your initial offer. This figure is needed to determine the amount of your home loan.

•  Down payment: The down payment is what amount you would pay upfront. Most buyers put down between 3% and 20% of the purchase price. It takes a 20% down payment to avoid paying for private mortgage insurance (PMI). A jumbo loan usually requires a minimum 10% down.

•  Loan term: The loan term is the length of time you have to repay the mortgage, from 10 to 30 years. A shorter term can help build equity faster and requires you to pay less interest overall, while a 30-year term offers lower monthly payments but costs more in the long run.

•  Interest rate: The interest rate is the cost of borrowing money, expressed as a percentage of the loan amount. Interest rates can vary based on your credit history, market trends, and the type of mortgage loan you choose.

•  Annual property tax: The effective property tax rate in Orange County, where Anaheim is located, is .6659%.

•  Total monthly payment: The total monthly mortgage payment includes the principal loan amount and the interest accrued. Other additional costs, such as property tax, can also be factored into the total expense.

How to Use the Anaheim Mortgage Calculator

Step 1: Enter Your Home Price.

This figure is an important one for the mortgage calculator, as it determines the size of the home loan you will need.

Step 2: Select a Down Payment Amount.

The down payment represents the portion of the home price that you agree to pay upfront. A down payment calculator can show you what’s needed to reach the 20% payment necessary to avoid PMI.

Step 3: Choose a Loan Term.

The loan term is the length of time you have to repay the loan, typically 15 or 30 years. A 30-year term offers lower monthly payments, while a 15-year term can save you a significant amount in interest over the life of the loan.

Step 4: Enter an Interest Rate.

Enter your hoped-for interest rate to the second or third decimal point, such as 6.74%.

Step 5: Enter the Home’s Property Tax Rate

Enter the percentage of your property’s market value that’s used to compute property tax. For the specific percentage in your area, search online for the property’s town or ZIP code and “effective property tax rate.”

Benefits of Using a Mortgage Payment Calculator

A mortgage calculator helps prospective homebuyers determine affordability by estimating monthly payments based on loan amount, interest rate, and loan term. This calculator also factors in property taxes in Anaheim.

When buying your first home, it can be especially helpful to see how different down payment amounts and loan terms might affect your costs, both monthly and over the long haul. Using a free home mortgage payment calculator helps to ensure you go through the process of getting a home loan with maximum information and confidence.

Deciding How Much House You Can Afford in Anaheim

Anaheim’s median home sale price in late 2025 was $899,000, according to Redfin. Let’s use the mortgage calculator to see how you could budget for a home purchase using this amount. If you put down 20% and got a 30-year loan with an interest rate of 6.50%, your monthly payment on the median-priced Anaheim home would be $5,045. This includes property taxes at the Anaheim rate.

Lenders advise keeping housing costs below 28% of gross monthly income. To afford a $5,045 loan payment and still be within 28%, you would need to earn at least $220,000 per year. This assumes you don’t have other debts. If you do, you would need to earn more.

There are two other ways to decide how much home you can afford in Anaheim. You can input your annual income and information about recurring debts (such as a student loan or car payment) into a home affordability calculator, which will quickly provide an estimated home-shopping budget. Or you can go through the mortgage preapproval process, submitting your info to a lender. If you are preapproved for a mortgage, you’ll learn how much and on what terms you can borrow.

Components of a Mortgage Payment

The main components of a mortgage payment are the principal and interest. Additionally, your monthly payment may cover property tax, as shown in this calculator. Some lenders also like you to pay for your homeowners insurance as part of your monthly payment. (After all, your home is the collateral for the loan, so it is in your lender’s interest to make sure your taxes and insurance premiums are paid on time.) When your down payment requires that you purchase PMI, the cost of that will be added to your monthly payment as well. And some lenders even let you pay your homeowners association (HOA) dues through the mortgage servicer as well.

If you’re thinking about getting a home loan guaranteed by the Federal Housing Administration (FHA), try using an FHA mortgage calculator, which factors in both the loan’s upfront and ongoing mortgage insurance premiums.

A VA mortgage calculator will be useful if you’re looking at a loan backed by the U.S. Department of Veterans Affairs.

Cost of Living in Anaheim

You won’t find this Orange County city, home to Disneyland, on any list of the best affordable places in the U.S. Anaheim has a high cost of living, about 56% above the average cost of living in the U.S. Housing is a major expense for residents here; as noted, the median sale price for a home here is nearing $900,000. A living hourly wage for a family with two adults working full time and two children is $53.55, according to MIT’s Living Wage Institute. As you consider purchasing a home in Anaheim, a mortgage calculator can help you determine how your housing costs fit into your larger household budget. Take a look at how the cost of living breaks down in Anaheim.

Anaheim Cities’ Cost-of-Living Stats
Overall Cost of Living 156.3
Groceries 109.8
Housing 260.8
Utilities 111.3
Transportation 133.4
Health Care 93.1
Miscellaneous Goods/Services 116.4

Run the numbers on your home loan.

Using the free calculators is for informational purposes only, does not constitute an offer to receive a loan, and will not solicit a loan offer. Any payments shown depend on the accuracy of the information provided.

Anaheim’s First-Time Homebuyer Assistance Programs

If you’re buying your first home in Anaheim, there are several down payment assistance programs available to help qualified buyers cover front-end costs, including their down payment. Some programs provide a loan or grant for closing costs. To qualify as a first-time homebuyer, you typically must not have owned a primary residence within the past three years.

The California Housing Finance Agency is the primary program provider, offering below-market-interest-rate loans and down payment help for eligible low- and middle-income buyers. Consult a guide to first-time home-buying programs in California for advice.

Recommended: Average Monthly Expenses for One Person

Tips on Reducing Your Mortgage Payment

It is possible to reduce your monthly payment even after you settle into your new home. Here are some options:

•  Once you have 20% equity in your home, you can request that your lender cancel PMI. Equity can change with home appreciation, so keep an eye on your home’s estimated value.

•  If you receive a bonus or other windfall, mortgage recasting can be a smart move. You would make a lump-sum payment toward your mortgage principal and ask your lender to re-amortize the loan based on the new, smaller principal balance.

•  Consider a mortgage refinance if interest rates have dropped significantly or your credit score has risen substantially.

•  If you believe your annual property tax is too high, you can appeal your assessment. Start by researching recent comparable property assessments in your area.

•  Financial hardships can make it difficult to manage your mortgage payments. If you face this, you can ask your lender to modify your loan to make it more affordable and help avoid foreclosure.

•  To reduce your monthly mortgage payment, consider shopping for a lower homeowners insurance rate. You can increase your deductible, bundle your homeowners insurance with auto insurance, or make upgrades that enhance your home’s security or storm resistance.

The Takeaway

Using an Anaheim mortgage calculator is a key step in understanding the costs of homeownership. You’ll easily estimate monthly payments and total interest paid, and see the overall cost of a home loan. You’ll soon be on your way to a new home and bright financial future in Anaheim.

Looking for an affordable option for a home mortgage loan? SoFi can help: We offer low down payments (as little as 3% - 5%*) with our competitive and flexible home mortgage loans. Plus, applying is extra convenient: It's online, with access to one-on-one help.


SoFi Mortgages: simple, smart, and so affordable.



View your rate

FAQ

How much is the average mortgage in Anaheim?

The median monthly mortgage payment in Anaheim’s Orange county in the first quarter of 2025 was $6,310, according to the National Association of Realtors®. But as a mortgage calculator shows, the average payment can rise or fall based on several factors, including the price of the home, the prevailing interest rate, and the term length of the loan.

What income do you need for an $800,000 mortgage with a 6.50% interest rate?

You would need an income of around $240,000 to $300,000 to afford an $800,000 mortgage with a 6.50% interest rate. The exact amount will depend on whether you have any other debts in addition to the mortgage. When in doubt, a home affordability calculator is a good tool to use. You’ll input information about your income and debts to find a home price you can afford.

Should I choose a 30-year or 15-year mortgage term?

A 30-year term means lower monthly payments, making homeownership more accessible. A 15-year term could save you thousands of dollars in interest but will require a higher monthly payment. If you can make a 15-year or 20-year term work with your budget, go for it. But particularly if this is your first home purchase, don’t feel bad about locking in 30 years. It’s the most popular loan term among U.S. homebuyers.

How can I get a lower mortgage interest rate?

For a lower mortgage interest rate, improve your credit score, as lenders often offer better rates to borrowers with scores over 700. Shop around to compare lenders’ interest rate offers. Prepaying mortgage points, which are upfront fees paid to the lender, can also lower your interest rate. Look carefully at adjustable-rate vs. fixed-rate loan offers to determine whether going with an adjustable rate might provide a lower introductory rate without too much risk of rates rising later on.

Learn more about mortgages:

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.


¹FHA loans are subject to unique terms and conditions established by FHA and SoFi. Ask your SoFi loan officer for details about eligibility, documentation, and other requirements. FHA loans require an Upfront Mortgage Insurance Premium (UFMIP), which may be financed or paid at closing, in addition to monthly Mortgage Insurance Premiums (MIP). Maximum loan amounts vary by county. The minimum FHA mortgage down payment is 3.5% for those who qualify financially for a primary purchase. SoFi is not affiliated with any government agency.


†Veterans, Service members, and members of the National Guard or Reserve may be eligible for a loan guaranteed by the U.S. Department of Veterans Affairs. VA loans are subject to unique terms and conditions established by VA and SoFi. Ask your SoFi loan officer for details about eligibility, documentation, and other requirements. VA loans typically require a one-time funding fee except as may be exempted by VA guidelines. The fee may be financed or paid at closing. The amount of the fee depends on the type of loan, the total amount of the loan, and, depending on loan type, prior use of VA eligibility and down payment amount. The VA funding fee is typically non-refundable. SoFi is not affiliated with any government agency.


Tax Information: This article provides general background information only and is not intended to serve as legal or tax advice or as a substitute for legal counsel. You should consult your own attorney and/or tax advisor if you have a question requiring legal or tax advice.
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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Terms and Conditions Apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. To qualify, a borrower must be a U.S. citizen or other eligible status and meet SoFi's underwriting requirements. Not all borrowers receive the lowest rate. Lowest rates reserved for the most creditworthy borrowers. If approved, your actual rate will be within the range of rates listed above and will depend on a variety of factors, including term of loan, evaluation of your creditworthiness, years of professional experience, income, and a variety of other factors. Rates and Terms are subject to change at anytime without notice and are subject to state restrictions. SoFi refinance loans are private loans and do not have the same repayment options that the federal loan program offers, or may become available, such as Income Based Repayment or Income Contingent Repayment or PAYE. Licensed by the Department of Financial Protection and Innovation under the California Financing Law License No. 6054612. SoFi loans are originated by SoFi Lending Corp. or an affiliate, NMLS # 696891. (www.nmlsconsumeraccess.org)

✝︎ To check the rates and terms you 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.

INVESTMENTS: NOT FDIC INSURED • HAVE NO GUARANTEE • MAY LOSE VALUE. Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. The SoFi Wealth platform is operated and maintained by SoFi Wealth LLC, an SEC Registered Investment Advisor. Brokerage services are provided to clients of SoFi Wealth LLC by SoFi Securities LLC, an affiliated broker-dealer registered with the Securities and Exchange Commission and a member of FINRA /SIPC . Clearing and custody of all securities are provided by APEX Clearing Corporation. For more information, please see SoFi Wealth LLC’s Form ADV Part 2 by clicking here for SoFi's Wealth Form ADV Part 2 A&B or by visiting www.adviserinfo.sec.gov .
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