A lower payment may result from extending the term and can increase lifetime interest.
Compare the old loan with the new
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Estimate savings, costs and break-even time.
Compare a current mortgage with a potential refinance, including payment change, estimated closing costs, break-even time and total interest.
Market contextNational 30-year average6.66%As of Jul 30, 2026
This Freddie Mac survey average is used only as a starting assumption where shown. It is not an HMCO offered rate.
View official source ↗Read the result carefully
What this estimate leaves open.
A calculator is best used to test assumptions—not predict an approval or final closing disclosure. Review these considerations before relying on the result.
Closing costs may be paid in cash, financed or offset in another way depending on the transaction.
Taxes, insurance and mortgage insurance can also change.