Mortgages without the overpaying
On Bankrate, lenders compete for your loan. Every offer is generated by 100+ mortgage lenders bidding for your business in real time — so whether you’re buying, refinancing, or tapping your equity, you see the rate the market actually offers.
- $73k
Average saved by Bankrate mortgage users over 30 years.
- 600+
Banks and credit unions surveyed annually.
- 99.7%
Bankrate offers beat 99.7% of banks and credit unions
Our tools, your decision
All calculatorsMortgage calculator
Find out what your monthly payment will actually look like.
Amortization calculator
See how much of your payment goes to interest.
Interest-only mortgage calculator
See what you’re paying now versus what you’ll owe later.
Debt-to-income ratio calculator
Compare what you owe each month to what you earn.
Mortgage refinance calculator
See whether refinancing would save you money.
9 out of 10 homebuyers overpay for their mortgage.
We analyzed 3.2 million mortgage originations — the largest independent study of its kind. The typical borrower overpays by $3,363 a year, not because better rates don’t exist, but because lenders have no reason to offer them unless they have to compete. Bankrate exists to change that.
Explore the data
$3k+
In avoidable annual costs for the typical borrower
$78k
In excess costs over the life of the loan
$65B
Drained from U.S. households by above-market rates
Featured by names you know and trust
The latest
Why no-closing-cost refinancing doesn’t mean no costs
You save a chunk of cash upfront, but it may cost you more in the long run.
July 13, 2026
Home prices are at a record high. Overpaying for your mortgage compounds the pain
U.S. home prices hit a new record in June, according to the latest data from the National Association of Realtors. That affordability hurdle means shopping for a mortgage rate is more important than ever. [...]
July 13, 2026
Homebuying in America: Unexpected costs drained her savings. A refinance helped her regain control
Crystin Liboma refinanced into a lower-rate, shorter-term mortgage to rescue her finances.
July 9, 2026
Mortgage rates edge above 6.5% as oil prices jump again
Mortgage rates held steady this week along with inflation, remaining just below 6.5%.
July 8, 2026
Most homebuyers overpay for their mortgage. Here’s where it’s costing them the most
Bankrate’s research shows most buyers make the exact same mistake before closing on a house: they don’t shop for a mortgage.
July 8, 2026
When should you refinance your mortgage?
Bottom line: Will refinancing help you save money?
July 6, 2026