Will you save by refinancing your mortgage?

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 Compare mortgage rates: Find rates in your area

Compare Mortgage Rates

Zip code:

Product:

30 yr fixed average
4.01%

About our rates

About this index

Mortgage Overnight Averages

Product	Rate	+/-	Last week
30 yr fixed mtg	4.01%		4.04%
15 yr fixed mtg	3.11%		3.18%
5/1 ARM	2.82%		2.88%
30 yr fixed mtg refi	4.00%		4.03%

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