Mortgage Refinance Calculator With Current Mortgage Rates

Enter your current loan payment and number of years remaining to determine if refinancing at current rates is the right decision for you.

Compare total remaining cost of your current loan vs. total cost of refinancing, as well as monthly payment.

Monthly Payment
$1,221.86
Total Cost of Loan*
$439,869.60
*Total Cost of Loan excludes Escrow Payment
Total Interest Paid
$237,469.60
Side By Side Loan Comparison
Metric New Loan Current
Loan Amount $202,400.00 $200,000.00
Interest Paid $237,469.60 $86,449.00
Total Cost $439,869.60 $286,449.00
Monthly Payment (P&I) $1,221.86 $954.83
* Include only principal and interest in your current monthly payment. Do not include any escrow or insurance payments.
No percent sign is required
Origination Fees are fees charged by the new lender, typically between .5 and 1% of the loan amount. These will be added to the loan amount.
Not Refinancing?
Try our Mortgage Calculator instead.

Current Mortgage Rates
Updated Daily at 9:30AM EST

Loan Type Rate
30 Year Fixed Rate Conforming Loan6.18%
15 Year Fixed Rate Conforming Loan5.36%
30 Year Fixed Rate Jumbo Loan6.40%
30 Year Fixed Rate FHA Loan5.89%
30 Year Fixed Rate USDA Loan6.00%
30 Year Fixed Rate VA Loan5.66%
Click Here To Check Local Rates In Your Area

30 Year Fixed Rate Conforming Mortgage Rates By Credit
Updated Daily at 9:30AM EST

LTV / FICO Rate
LTV Less Than or Equal to 80%, FICO Less Than 6806.26%
LTV Less Than or Equal to 80%, FICO Between 680 and 6996.26%
LTV Less Than or Equal to 80%, FICO Between 700 and 7196.31%
LTV Less Than or Equal to 80%, FICO Between 720 and 7396.19%
LTV Less Than or Equal to 80%, FICO Greater Than 7406.09%
LTV Greater Than 80%, FICO Less Than 6806.40%
LTV Greater Than 80%, FICO Between 680 and 6996.38%
LTV Greater Than 80%, FICO Between 700 and 7196.38%
LTV Greater Than 80%, FICO Between 720 and 7396.30%
LTV Greater Than 80%, FICO Greater Than 7406.17%

Home & Mortgage Facts

The Average Cost of a New Home in the United States is
$492,700
Updated Monthly: 08/01/2024
The Average Interest Rate For a 30 Year Fixed Rate Mortgage Is
6.12%
Updated Weekly: 10/03/2024
The Average Interest Rate For a 15 Year Fixed Rate Mortgage Is
5.25%
Updated Weekly: 10/03/2024