The Shepherd's Wallet Podcast

Pastor Mortgage Calculator: Should You Refinance or Pay Off Your Mortgage?


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Are you accidentally paying your bank thousands in interest just to save a few hundred in taxes?

In this live Q&A excerpt, I walk through my mortgage refinance calculator designed specifically for pastors and show you exactly how to compare three scenarios:✅ Keep your existing mortgage✅ Refinance to new terms✅ Pay off aggressively


KEY TAKEAWAYS:

  • Keeping your mortgage only saves money under VERY specific conditions (22%+ tax bracket, sub-5% interest rate, under 10 years remaining)
  • Refinancing often costs pastors MORE despite lower rates because of extended loan terms
  • You need to factor in your housing allowance benefits when making ANY mortgage decision
  • The peace of knowing your numbers is worth more than the "perfect" mathematical answer


RESOURCES MENTIONED:

📊 Free Mortgage Refinance Calculator:

https://shepherdswallet.com/refinance-calculator

Join the Sacred Capital Community (FREE)https://shepherdswallet.com/join

📖 Pre-order "Shepherding Your Finances" (35% discount)https://shepherdswallet.com/book

💬 Schedule Free Coaching Consultationhttps://shepherdswallet.com/coaching

📝 Read the Full Blog Posthttps://www.shepherdswallet.com/blog/should-you-refinance-your-mortgage-as-a-pastor

🎯 Tax Review ($95 for peace of mind)https://shepherdswallet.com/taxes⁠📚 Tax Mastery Training (file your own taxes with confidence)https://shepherdswallet.com/taxes

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The Shepherd's Wallet PodcastBy Seth Scott