Today’s refinance rates
Explore current RateStop rates or get a quick custom estimate.
Monthly payment examples below are based on a $350,000 loan amount and a $1,100,000 loan amount for jumbo mortgages. Estimates exclude property taxes, homeowners insurance, mortgage insurance, HOA fees, and other costs. Your total monthly payment may be higher.
30-year fixed →
30-year FHA →
15-year fixed →
Adjustable Rate Mortgage →
30-year VA →
30-year jumbo fixed →
Monthly payment examples below are based on a $350,000 loan amount and a $1,100,000 loan amount for jumbo mortgages. Estimates exclude property taxes, homeowners insurance, mortgage insurance, HOA fees, and other costs. Your total monthly payment may be higher.
30-year fixed →
30-year FHA →
15-year fixed →
Adjustable Rate Mortgage →
30-year VA →
30-year jumbo fixed →
Estimate what refinancing could change
Your refinance rate depends on your mortgage and your goals
Your remaining balance, available home equity, credit profile, loan program, property use, chosen term, and whether you take cash out can influence your refinance options.
Tell us what you want to accomplish, and we’ll help you compare potential rates, payments, and costs.
Better decisions begin with clearer numbers
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Refinance rate FAQs
Get straightforward answers about refinance rates, costs, savings, and eligibility.
Your interest rate is the percentage charged for borrowing the money. APR provides a broader view of the loan’s cost by including the interest rate and certain fees and charges. Reviewing both can help you compare mortgage offers more effectively.
Compare the new rate, estimated monthly payment, closing costs, loan term, and total borrowing cost with your existing mortgage. Also consider how long you plan to keep the loan and how long it may take to recover the closing costs.
Compare the new rate, estimated monthly payment, closing costs, loan term, and total borrowing cost with your existing mortgage. Also consider how long you plan to keep the loan and how long it may take to recover the closing costs.
Not necessarily. A lower payment can come from a lower rate, but it can also result from extending the repayment period. A longer term may reduce the monthly payment while increasing the total interest paid over time.
Refinancing generally involves loan costs and fees. Some options described as “no-closing-cost” loans may cover those costs through a higher interest rate or by adding them to the new loan balance.
Your break-even point is the time it takes for estimated monthly savings to recover the upfront cost of refinancing. It can help you evaluate whether you are likely to keep the mortgage long enough to benefit.
Your credit profile can affect the mortgage options and interest rate available to you. Other factors, including equity, loan type, property details, and market conditions, may also influence the offer.
A cash-out refinance replaces your current mortgage with a larger mortgage and allows you to receive part of the difference in cash. The amount available depends on your equity, property value, loan program, and eligibility.
A shorter term may help reduce the total interest paid and allow you to pay off the mortgage sooner. However, it will often result in a higher monthly principal-and-interest payment.
There is no single answer for every mortgage. Eligibility, waiting periods, costs, and lender or loan-program requirements can vary. Review your current loan terms and available options before applying again.