CALCMONEY // MORTGAGE REFINANCE // NV
Nevada average rate: 6.76%. On the median loan of $357,978, a 1% rate drop saves $233/month and breaks even in 39 months.
Calculate Your Refinance6.76%
$447,473
$2,324
$8,949
| New Rate | New Monthly | Monthly Savings | Break-Even | 30yr Savings |
|---|---|---|---|---|
| 6.26% (save 0.5%) | $2,206 | $118/mo | 6yr 4mo | $33,444 |
| 5.76% (save 1.0%) | $2,091 | $233/mo | 3yr 3mo | $74,888 |
| 5.26% (save 1.5%) | $1,979 | $345/mo | 2yr 2mo | $115,335 |
The median home price in Nevada is $447,473. At 80% LTV, the typical loan is $357,978 at the current 6.76% average rate, producing a monthly P+I payment of $2,324. Total interest over 30 years at this rate: $478,741.
Property taxes in Nevada average 0.5% of assessed value, or $2,237 per year on the median home. This adds $186/month to your all-in housing cost. When evaluating a refinance, factor in property tax and insurance for a complete picture.
Nevada has no state income tax, so there is no state-level mortgage interest deduction. The federal deduction still applies on loans up to $750,000 for itemizers.
Connecticut
$453,319 median home
MDMaryland
$433,112 median home
MEMaine
$421,966 median home
AZArizona
$421,381 median home