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Refinance

Mortgage Refinance Calculator

Deciding whether to refinance a mortgage is all about the numbers. Whether you're seeking a lower monthly payment or looking to shorten the length of a mortgage , refinancing makes sense when you can reduce the costs of the loan. Use this calculator to guide your decision.

Savings from refinancing
  • Current monthly payment:
  • Current interest rate:
  • Balance left on mortgage:
  • New interest rate :
  • Years left on current loan:
  • New loan term (in years):
How much will it cost you?
  • Points:
  • Cost of points:
  • $ 0
  • Application fee:
  • Credit check:
  • Attorney's fee (yours):
  • Attorney's fee (lenders):
  • Title search:
  • Title insurance:
  • Appraisal fee:
  • Inspections:
  • Local fees (taxes, transfers):
  • Document preparation:
  • Other:
  • New monthly payment: $
  • 0
  • Monthly savings: $
  • 0
  • Difference in interest: $
  • 0
  • Total cost: $
  • 0
  • Months to recoup costs:
  • 0
Bankrate Recommends:
What is the best mortgage for your lifestyle?
4 steps to refinance your mortgage
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Fixed Rates
Adjustable Rates (ARMs) and Interest Only (IOs)
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Refinance Rates Averages
Product Rate Change Last week
30 year fixed refi 4.11%  0.16 3.95%
15 year fixed refi 3.23%  0.03 3.20%
10 year fixed refi 3.11%  0.02 3.13%
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