Mortgage Refinance Calculator

Enter your current mortgage details to see how much you could save — and how long it takes to break even.

Current Market Rates

Freddie Mac PMMS ↗

30-Year Fixed

6.87%

Most common for refinance

15-Year Fixed

6.13%

Lower rate, higher payment

5/1 ARM

6.55%

Fixed 5 yrs, then adjusts

Updated June 2026

Step 1 — Your mortgage details

Current Interest Rate

% p.a.

The rate on your existing mortgage

New Rate (after refinancing)

% p.a.

Use current market rates above as a reference

Remaining Loan Balance

USD

Current outstanding principal

Remaining Loan Term

years

Years left on your current mortgage

Estimated Closing Costs

USD

Typical $3,000–$6,000. Includes origination fee, appraisal, title insurance.

Step 3 — Understand the terms

Estimates only. Actual rates and savings depend on your credit profile and lender terms. Consult a licensed mortgage professional before making decisions.