Compare your current rate to a new one — is refinancing worth it?
Refinancing replaces your current mortgage with a new one, ideally at a lower rate. The calculator compares total lifetime costs (including closing fees) of keeping your current loan vs. switching. The break-even point tells you how many months you need to stay in the home for the refinance to pay off.
The best way to know if refinancing makes sense is to see real offers side by side.