Your 2-1 buydown is ending and the payment is stepping up. Should you refinance? On a $400,000 loan at a 6.75% note rate, a refinance saves just $17 a month. See the math. Pillar Mortgage Group.
Refinance closing costs do not shrink with your loan. On $150,000 at 8.25%, break even is about 38 months. See the numbers for Scottsdale and Phoenix homeowners. Pillar Mortgage Group.
Refinancing a mortgage in Arizona typically costs 2-5% of the loan amount in closing costs. Here's the full breakdown for 2026 and how to know if it's worth it. Pillar Mortgage Group, NMLS #2700076
Refinance rates in Arizona are down about 55 basis points from a year ago. See where 30- and 15-year rates stand in June 2026 and whether a rate-and-term refinance can lower your Phoenix or Scottsdale payment. Pillar Mortgage Group.
Straight answers on buying, refinancing, and selling a home in Scottsdale, Phoenix, and across Arizona, from Blake Hermann, Director of Lending at Pillar Mortgage Group (NMLS #2271358).