Your monthly payment
If your payment feels too high, a refinance may help. But a lower payment can also mean paying for more years. We’ll look at both the monthly cost and the interest over time.
MORTGAGE REFINANCING IN LANSING, MI
Would a new mortgage make sense?
Looking for a lower payment, a shorter loan or money for a home project? Let’s look at your current mortgage and what refinancing would cost.
What would you like to change?
Your payoff date
Want to pay the loan off sooner? Compare a shorter term with your remaining mortgage. The payment may be higher, so check that it leaves enough room in your monthly budget.
The cost of switching
Refinancing has closing costs. We’ll look at the fees and any credits, and how long it would take for monthly savings to cover them. Tell us how long you expect to keep the home.
Will a refinance pay off?
Compare your current payment with a new loan and see how many months it takes for the savings to cover closing costs.
Use a quoted rate, or enter a hypothetical rate to explore. A hypothetical rate is not an offer.
Loan term
Principal & interest + costs entered
Blank costs are excluded. Add taxes, insurance and any mortgage insurance or HOA dues for a fuller estimate.
$···
Enter a valid home price, down payment below the price, and interest rate to see an estimate. Don’t have a rate yet? Call (517) 580-5050 and we’ll talk through today’s options.
- Loan amount
- $292,500
- Down payment
- $32,500
For planning only. Not a quote, preapproval or offer to lend. Your loan officer will confirm real numbers for your loan.
Before taxes, for everyone on the loan.
Car, student loan, card minimums and other loans.
Loan term
28%
A comfortable starting point for many households is around 28%.
36%
Estimated home price
$···
Enter a valid rate and monthly taxes, insurance and HOA estimate to see a planning price. Enter 0 only if a cost does not apply. Don’t have a rate yet? Call (517) 580-5050 and we’ll talk through today’s options.
- Monthly housing budget
- $2,100
- For principal and interest
- $2,100
- Down payment
- $30,000
A budgeting estimate, not a preapproval. Lenders review income, credit, debts and the property before approving a loan.
Find it on your mortgage statement.
Use the rate from your refinance quote.
New loan term
Monthly payment change
$···
Enter valid rates, a loan balance, and remaining years to compare principal and interest. Don’t have a rate yet? Call (517) 580-5050 and we’ll talk through today’s options.
- Months to break even
- Add your rates
For planning only. Not a quote, preapproval or offer to lend. Your loan officer will confirm real numbers for your loan.
See all mortgage calculators
A BETTER COMPARISON
Put both loans side by side.
A smaller payment doesn’t tell the whole story. Check the new term and closing costs too. We’ll help you compare what you have with what’s being offered.
What you have now
Your current loan
01 Monthly payment, including escrow
02 Remaining balance and years left
03 Rate and loan type
04 Your reason to refinance
What you’re offered
The proposed loan
01 New full monthly payment
02 New term and total interest
03 Closing costs and cash needed
04 When the change may pay off
Bring your mortgage statement. We’ll help you compare it with a written Loan Estimate for the new loan.
Refinancing may increase total interest or extend the repayment period. Compare closing costs, the new term and your existing loan before deciding.
Using your home equity?
A cash-out refinance replaces your mortgage with a larger loan and lets you receive part of your equity in cash, if you qualify. That increases the amount you owe on the home.
We’ll go through the new payment, closing costs and repayment term. If your current rate is lower than today’s, a home equity loan or second mortgage behind your existing loan may cost less than replacing it. Either way, the new borrowing is secured by your home and costs added to the loan still have to be paid back.
In their own words.
Experiences shared by ShayMak clients on Google.
1 / 10
Selected review excerpts. Individual experiences vary. Google rating checked October 4, 2026.
Bring us your current mortgage.
Have your mortgage statement handy? Call us with what you’d like to change. We’ll look at the numbers together, including whether keeping your current loan makes more sense.
Talk to us
What to expect when you call
Your questions answered by a local loan officer
Options compared using your own numbers
A clear next step, with no obligation to apply
(517) 580-5050
114 W Main St, DeWitt
Loan approval is subject to credit, property and underwriting requirements. Some loan products may not be available in all states. Terms, rates and fees are subject to change. This website is not a commitment to lend.
Important mortgage disclosures
Payment estimates
Calculators are educational tools. Results use your inputs and assumptions and are not a rate quote, Loan Estimate, preapproval or guarantee. Actual payments and costs may differ. Include taxes, insurance, mortgage insurance and association dues where applicable.
Refinancing and home equity
Refinancing can involve closing costs and may increase total interest or extend repayment. A lower monthly payment does not necessarily mean a lower total cost. Compare the proposed terms with your existing loan. Borrowing against your home puts your home at risk if you cannot repay.
Application and account access
Apply now and Sign in lead to ShayMak’s existing external application portal. Review that portal’s privacy policy and terms before submitting personal or financial information. An application does not guarantee approval or a specific rate.
Company and licensing
ShayMak Mortgage, LLC. NMLS #1989312. Equal Housing Opportunity. Review current company and individual licensing information through NMLS Consumer Access. Program eligibility and availability depend on your situation and location.