Why refinance?

When you refinance, you pay off an existing mortgage with the funds from a new mortgage. The new mortgage will have a new rate and term. You may find that refinancing your mortgage lets you:


  • Lower your monthly payment
  • Use cash to remodel your home
  • Consolidate higher-interest debt
  • Shorten your term and pay off your mortgage faster
  • Refinance your FHA loan into a conventional loan

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Ready to refinance?

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Rates are subject to change without notice.

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Today's Rates

Purchase Rates

30 Year Conforming*
Rate: 4.750% APR: 4.832% Points: 0.500%
15 Year Conforming*
Rate: 4.125% APR: 4.209% Points: 0.125%
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Important Loan Information

All loans subject to credit approval. Rates shown assume standard mortgage qualifications, underwriting requirements, and Relationship Pricing discount. Relationship Pricing discount of 0.125% off standard rates requires applicants to establish automatic mortgage payments from their new or existing Bank of the West personal checking account and is subject to the terms of a relationship pricing agreement. For adjustable-rate mortgage products, the discount is applicable only during the initial fixed-rate period. All terms and conditions applicable to the checking account apply, including fees and minimum opening deposits. Example based on purchase of owner-occupied, single family residence in California with a loan amount of $250,000, 80% loan-to-value, and minimum 740 FICO score. The actual rate and APR will vary based on your credit history, property location, loan amount, loan term, discount points and other finance charges, and may be different than the rates displayed here. Rates shown are subject to change without notice. Other products and terms are available. Additional fees, conditions, and restrictions may apply. These rates are intended for informational purposes and are not an offer to extend consumer credit.

EXAMPLE: The 30-Year Fixed Mortgage provides for fixed, fully amortizing principal and interest payments for the life of the loan. Based on a sample rate of 4.750% with .500 points, which are included in the typical total average closing costs of $3,562, a loan of $250,000 would have an APR of 4.832% and a monthly payment of $1,304. The monthly payments shown do not include amounts for taxes and insurance premiums, so the actual payment obligation will be greater. The closing cost estimate does not include other amounts that may be due at closing, such as initial escrow deposits, government recording fees, and interest.

Close

Close

Important Loan Information

All loans subject to credit approval. Rates shown assume standard mortgage qualifications, underwriting requirements, and Relationship Pricing discount. Relationship Pricing discount of 0.125% off standard rates requires applicants to establish automatic mortgage payments from their new or existing Bank of the West personal checking account and is subject to the terms of a relationship pricing agreement. For adjustable-rate mortgage products, the discount is applicable only during the initial fixed-rate period. All terms and conditions applicable to the checking account apply, including fees and minimum opening deposits. Example based on purchase of owner-occupied, single family residence in California with a loan amount of $250,000, 80% loan-to-value, and minimum 740 FICO score. The actual rate and APR will vary based on your credit history, property location, loan amount, loan term, discount points and other finance charges, and may be different than the rates displayed here. Rates shown are subject to change without notice. Other products and terms are available. Additional fees, conditions, and restrictions may apply. These rates are intended for informational purposes and are not an offer to extend consumer credit.

EXAMPLE: The 15-Year Fixed Mortgage provides for fixed, fully amortizing principal and interest payments for the life of the loan. Based on a sample rate of 4.125% with .125 points, which are included in the typical total average closing costs of $2,625, a loan of $250,000 would have an APR of 4.209% and a monthly payment of $1,865. The monthly payments shown do not include amounts for taxes and insurance premiums, so the actual payment obligation will be greater. The closing cost estimate does not include other amounts that may be due at closing, such as initial escrow deposits, government recording fees, and interest.

Close

30 Year Jumbo*
Rate: 4.625% APR: 4.638% Points: 0.000%
7/1 Jumbo*
Rate: 4.000% (fixed first 7 years)  APR: 4.732% Points: 0.125%
Close

Important Loan Information

All loans subject to credit approval. Rates shown assume standard mortgage qualifications, underwriting requirements, and Relationship Pricing discount. Relationship Pricing discount of 0.125% off standard rates requires applicants to establish automatic mortgage payments from their new or existing Bank of the West personal checking account and is subject to the terms of a relationship pricing agreement. For adjustable-rate mortgage products, the discount is applicable only during the initial fixed-rate period. All terms and conditions applicable to the checking account apply, including fees and minimum opening deposits. Example based on purchase of owner-occupied, one-unit, single family residence in California using a sample average loan amount of $800,000, 80% loan-to-value, and minimum 740 FICO score. The actual rate and APR will vary based on your credit history, property location, loan amount, loan term, discount points and other finance charges, and may be different than the rates displayed here. Rates shown are subject to change without notice. Other products and terms are available. Additional fees, conditions, and restrictions may apply. These rates are intended for informational purposes and are not an offer to extend consumer credit.

EXAMPLE: The 30-Year Fixed Jumbo Mortgage provides for fixed, fully amortizing principal and interest payments for the life of the loan. Based on a sample rate of 4.625% with .000 points, which are included in the typical total average closing costs of $3,911, a loan of $800,000 would have an APR of 4.638% and a monthly payment of $4,113. The monthly payments shown do not include amounts for taxes and insurance premiums, so the actual payment obligation will be greater. The closing cost estimate does not include other amounts that may be due at closing, such as initial escrow deposits, government recording fees, and interest.

Close

Close

Important Loan Information

All loans subject to credit approval. Rate shown for the adjustable rate period is estimated and based on recent values for the LIBOR Index and margin. Seven years from now, rates could be significantly higher than this estimate. Rates shown assume standard mortgage qualifications, underwriting requirements, and Relationship Pricing. Relationship Pricing discount of 0.125% off standard rates requires applicants to establish automatic mortgage payments from their new or existing Bank of the West personal checking account and is subject to the terms of a relationship pricing agreement. For adjustable-rate mortgage products, the discount is applicable only during the initial fixed-rate period. All terms and conditions applicable to the checking account apply, including fees and minimum opening deposits. Example based on purchase of owner-occupied, single family residence in California with a loan amount of $800,000, 80% loan-to-value, and minimum 740 FICO score. The actual rate and APR will vary based on your credit history, property location, loan amount, loan term, discount points and other finance charges, and may be different than the rates displayed here. Rates shown are subject to change without notice. Other products and terms are available. Additional fees, conditions, and restrictions may apply. These rates are intended for informational purposes and are not an offer to extend consumer credit.

EXAMPLE: The 7/1 Adjustable-Rate Mortgage is a 30-year mortgage, with fully amortizing principal and interest payments and an initial 7-year fixed rate period. After the 7-year fixed period, the payments, interest rate and annual percentage rate may increase or decrease. Based on a sample rate of 4.000% with .125 points, which are included in the typical total average closing costs of $4,911, a loan of $800,000 would have an APR of 4.732% and monthly payment of $3,819 for the first 84 months. Beginning at month 85, assuming a new interest rate of 5.375%, the new monthly payment would be $4,351.19 until the next annual change date. The rate and payment may change annually based on changes to the index value. The monthly payments shown do not include amounts for taxes and insurance premiums, so the actual payment obligation may be greater. The closing cost estimate does not include other amounts that may be due at closing, such as initial escrow deposits, government recording fees, and interest.

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Refinance Rates

30 Year Conforming*
Rate: 5.000% APR: 5.050% Points: 0.125%
15 Year Conforming*
Rate: 4.250% APR: 4.353% Points: 0.250%
Close

Important Loan Information

All loans subject to credit approval. Rates shown assume standard mortgage qualifications, underwriting requirements, and Relationship Pricing discount. Relationship Pricing discount of 0.125% off standard rates requires applicants to establish automatic mortgage payments from their new or existing Bank of the West personal checking account and is subject to the terms of a relationship pricing agreement. For adjustable-rate mortgage products, the discount is applicable only during the initial fixed-rate period. All terms and conditions applicable to the checking account apply, including fees and minimum opening deposits. Example based on purchase of owner-occupied, single family residence in California with a loan amount of $250,000, 80% loan-to-value, and minimum 740 FICO score. The actual rate and APR will vary based on your credit history, property location, loan amount, loan term, discount points and other finance charges, and may be different than the rates displayed here. Rates shown are subject to change without notice. Other products and terms are available. Additional fees, conditions, and restrictions may apply. These rates are intended for informational purposes and are not an offer to extend consumer credit. EXAMPLE: The 30-Year Fixed Mortgage provides for fixed, fully amortizing principal and interest payments for the life of the loan. Based on a sample rate of 5.000% with .125 points, which are included in the typical total average closing costs of $2,625, a loan of $250,000 would have an APR of 5.050% and a monthly payment of $1,342. The monthly payments shown do not include amounts for taxes and insurance premiums, so the actual payment obligation will be greater. The closing cost estimate does not include other amounts that may be due at closing, such as initial escrow deposits, government recording fees, and interest. "

Close

Close

Important Loan Information

All loans subject to credit approval. Rates shown assume standard mortgage qualifications, underwriting requirements, and Relationship Pricing discount. Relationship Pricing discount of 0.125% off standard rates requires applicants to establish automatic mortgage payments from their new or existing Bank of the West personal checking account and is subject to the terms of a relationship pricing agreement. For adjustable-rate mortgage products, the discount is applicable only during the initial fixed-rate period. All terms and conditions applicable to the checking account apply, including fees and minimum opening deposits. Example based on purchase of owner-occupied, single family residence in California with a loan amount of $250,000, 80% loan-to-value, and minimum 740 FICO score. The actual rate and APR will vary based on your credit history, property location, loan amount, loan term, discount points and other finance charges, and may be different than the rates displayed here. Rates shown are subject to change without notice. Other products and terms are available. Additional fees, conditions, and restrictions may apply. These rates are intended for informational purposes and are not an offer to extend consumer credit.

EXAMPLE: The 15-Year Fixed Mortgage provides for fixed, fully amortizing principal and interest payments for the life of the loan. Based on a sample rate of 4.250% with .250 points, which are included in the typical total average closing costs of $2,937, a loan of $250,000 would have an APR of 4.353% and a monthly payment of $1,881. The monthly payments shown do not include amounts for taxes and insurance premiums, so the actual payment obligation will be greater. The closing cost estimate does not include other amounts that may be due at closing, such as initial escrow deposits, government recording fees, and interest.

Close

30 Year Jumbo*
Rate: 4.750% APR: 4.774% Points: 0.125%
7/1 Jumbo*
Rate: 4.250% (fixed first 7 years)  APR: 4.840% Points: 0.000%
Close

Important Loan Information

All loans subject to credit approval. Rates shown assume standard mortgage qualifications, underwriting requirements, and Relationship Pricing discount. Relationship Pricing discount of 0.125% off standard rates requires applicants to establish automatic mortgage payments from their new or existing Bank of the West personal checking account and is subject to the terms of a relationship pricing agreement. For adjustable-rate mortgage products, the discount is applicable only during the initial fixed-rate period. All terms and conditions applicable to the checking account apply, including fees and minimum opening deposits. Example based on purchase of owner-occupied, one-unit, single family residence in California using a sample average loan amount of $800,000, 80% loan-to-value, and minimum 740 FICO score. The actual rate and APR will vary based on your credit history, property location, loan amount, loan term, discount points and other finance charges, and may be different than the rates displayed here. Rates shown are subject to change without notice. Other products and terms are available. Additional fees, conditions, and restrictions may apply. These rates are intended for informational purposes and are not an offer to extend consumer credit.

EXAMPLE: The 30-Year Fixed Jumbo Mortgage provides for fixed, fully amortizing principal and interest payments for the life of the loan. Based on a sample rate of 4.750% with .125 points, which are included in the typical total average closing costs of $4,911, a loan of $800,000 would have an APR of 4.774% and a monthly payment of $4,173. The monthly payments shown do not include amounts for taxes and insurance premiums, so the actual payment obligation will be greater. The closing cost estimate does not include other amounts that may be due at closing, such as initial escrow deposits, government recording fees, and interest.

Close

Close

Important Loan Information

All loans subject to credit approval. Rate shown for the adjustable rate period is estimated and based on recent values for the LIBOR Index and margin. Seven years from now, rates could be significantly higher than this estimate. Rates shown assume standard mortgage qualifications, underwriting requirements, and Relationship Pricing. Relationship Pricing discount of 0.125% off standard rates requires applicants to establish automatic mortgage payments from their new or existing Bank of the West personal checking account and is subject to the terms of a relationship pricing agreement. For adjustable-rate mortgage products, the discount is applicable only during the initial fixed-rate period. All terms and conditions applicable to the checking account apply, including fees and minimum opening deposits. Example based on purchase of owner-occupied, single family residence in California with a loan amount of $800,000, 80% loan-to-value, and minimum 740 FICO score. The actual rate and APR will vary based on your credit history, property location, loan amount, loan term, discount points and other finance charges, and may be different than the rates displayed here. Rates shown are subject to change without notice. Other products and terms are available. Additional fees, conditions, and restrictions may apply. These rates are intended for informational purposes and are not an offer to extend consumer credit.

EXAMPLE: The 7/1 Adjustable-Rate Mortgage is a 30-year mortgage, with fully amortizing principal and interest payments and an initial 7-year fixed rate period. After the 7-year fixed period, the payments, interest rate and annual percentage rate may increase or decrease. Based on a sample rate of 4.250% with .000 points, which are included in the typical total average closing costs of $3,911, a loan of $800,000 would have an APR of 4.840% and monthly payment of $3,936 for the first 84 months. Beginning at month 85, assuming a new interest rate of 5.375%, the new monthly payment would be $4,375.93 until the next annual change date. The rate and payment may change annually based on changes to the index value. The monthly payments shown do not include amounts for taxes and insurance premiums, so the actual payment obligation may be greater. The closing cost estimate does not include other amounts that may be due at closing, such as initial escrow deposits, government recording fees, and interest.

Close

* Rates are subject to change without notice.

What refinance option works for you?

Fixed rate mortgage

What is it?

A fixed rate mortgage is exactly what it sounds like — the interest rate remains the same during the life of the loan.

Who’s it good for?

If you plan on staying in your home for longer than 5 years, a fixed rate mortgage is a great option. A fixed monthly payment makes budgeting easier and protects you against rate increases.

Adjustable rate mortgage

What is it?

An adjustable rate mortgage is a loan with an interest rate that fluctuates based on a publically-available interest rate index (such as Prime or LIBOR). Many adjustable rate mortgage loans have a fixed interest rate period, typically 3, 5, 7, or 10 years. After the fixed rate period has ended, your interest rate can go up or down depending on the interest rate index in effect at that time.

Who’s it good for?

An adjustable rate mortgage is a good option if you don’t plan on living in the property for the full term of the loan or if you relocate frequently. Since you don’t need a longer term loan, you may enjoy a lower rate and payment during the fixed-rate period.

Learn more at our mortgage and HELOC resource page

Ready to get started?

Whether you want to buy a home, refinance your home or apply for a home equity line of credit we're ready to make your dreams a reality.

Are you going through a financial hardship?

Find out how we can help

What you might need to apply

  • Asset information
  • Employment and income history
  • Debt information
  • Social Security Number or other identification number

Legal information and Disclosures

1 Calculators are provided as a convenience. Bank of the West makes no warranties about the accuracy or completeness of the calculations.