Refinance
Refinance Calculator
Should you refinance? Compare your current loan to a new offer and see your monthly savings, break-even point, and lifetime cost in one chart.
When refinancing makes sense
- Rates have dropped at least 0.75-1% below your current rate.
- You plan to stay in the home longer than the break-even point.
- Your credit score has improved meaningfully since origination.
- You want to switch from an ARM to a fixed-rate mortgage.
Watch the term reset
Refinancing into a fresh 30-year loan can lower your monthly payment but reset the amortization clock. Compare lifetime interest, not just monthly savings.