Refinancing may lower your monthly payment. Compare closing costs, the new loan term and total interest before deciding. Use this calculator to compare your current mortgage with a refinance.
Whether it's time to buy or refi, we're here to help you take the next step. Use one of our quick & easy tools to find out what you qualify for!
Step1: Enter the current loan balance, your monthly principal + interest payment and your current interest rate.
Step2: Enter the new loan term (in years), the new interest rate you are refinancing into and the estimated closing costs of the refinance.
As you enter those numbers you will notice that figures in Step3 are updating showcasing the differences between steps 1 and 2.
Mortgage loan limits for every U.S. county, as published by Fannie Mae & Freddie Mac, the Federal Housing Administration (FHA), and the Department of Veterans Affairs (VA)