Refinance · ST Clair Shores, MI

Refinance your mortgage in ST Clair Shores, MI

What homes here are worth, what owners pay a month, and when a new rate pays for itself. Then one local lender.

Start my refinance match How refinance works

Census home value: $210,700; Median value of owner-occupied homes
Median sale price: $235,000; Homes sold in the last 12 months
Owners' monthly cost: $1,456; Median with a mortgage: loan, taxes, insurance (Census)
Homes owner-occupied: 83%; Share of homes lived in by owners (Census)

The numbers for ST Clair Shores

Worked from the local figures above. Each one says what it assumes; your own numbers come from your lender, agent or title company.

Cash-out to 80% of value

$188,000

The most most lenders lend against a $235,000 home here, before what you owe now

Closing costs, about 2.5%

$5,900

On a loan near the local value; your Loan Estimate has the real number

Break-even, example

49 months

If the new payment is $120 lower than the local median of $1,456 (8% less)

The newest sales in ST Clair Shores

The newest sales, up to 300. Zoom in for prices; tap a pin to open the home.

Refinance nearby

Harper Woods Grosse Pointe Woods Clinton Township Roseville Eastpointe Harrison Township Grosse Pointe Shores Fraser Grosse Pointe Farms Warren

Who you are dealing with

Tevin Jackson, founder of Rebuild Detroit

Tevin Jackson founded Rebuild Detroit to put Metro Detroit's homes, numbers and local pros in one place you can trust. Every figure on this ST Clair Shores page says where it comes from, and every pro listed is ranked the same way, by reviews, license and years in business.

Detroit real estate investor
Author of Against All Odds and The Spark
Helped scale 100+ home service brands

Call (888) 471-3135 About Tevin How we check every pro

More for ST Clair Shores

Selling in ST Clair Shores

Buying and renting in ST Clair Shores

Owning a home in ST Clair Shores

Near ST Clair Shores

Macomb County

Refinance in ST Clair Shores FAQ

3 questions

When does a refinance pay off in ST Clair Shores?

When you keep the home longer than the break-even: closing costs divided by what you save a month. On a loan near the local value of $210,700, closing costs of about 2.5% are $5,300.

Does Rebuild Detroit make loans?

No. We match you with one licensed local lender, who quotes the rate and gives you a Loan Estimate. Check any loan officer on NMLS Consumer Access.

Where do these numbers come from?

Census five-year estimates for the place, the MLS and Zillow listings and sales in the Rebuild Detroit homes index, and the Rebuild Detroit directory for the local pros.