Use this mortgage refinance calculator to get an estimate.

This home refinance calculator provides an estimate of mortgage refinance costs and potential savings based on the information you provide. But, it also makes some assumptions about mortgage insurance and other costs, which can be significant.

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Current loan

Enter your original loan amount.

Enter the year your mortgage began.

It must be within the last 30 years, but not this year.

New loan

Your refinance results

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Loan Comparison breakdown

Original loan

New loan

Difference

Monthly payment

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Years until payoff

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Remaining interest

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Monthly payment
Original loan
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New loan
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Years until payoff
Original loan
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New loan
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Remaining interest
Original loan
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New loan
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Additional estimates

Estimated closing costs
Potential closing cost savings
Break-even point
Ready to refinance?

Still have questions about refinancing?

If you’d like some guidance as you think about refinancing, a mortgage loan officer (MLO) is a great person to turn to. They can talk you through every step.

Find a mortgage loan officer

Understand your mortgage refinancing options.

There are several benefits to refinancing a mortgage, such as changing terms, lowering monthly payments, getting access to cash for major purchases and reducing your interest rate. We offer a variety of home refinancing options and are ready to help you find the right choice for your needs.

Get more information about refinancing.

Rate-and-term refinance

This low-cost mortgage refinancing option can lower your monthly payment or allow you pay off your house sooner.

See the benefits of a rate-and-term refinance.

Cash-out refinance

Use the equity in your home to pay for home improvements, a down payment on a second home or college tuition.

Find out if a cash-out refinance is a good option for you.

Existing client credit offer

Already have a first mortgage with U.S. Bank, a U.S. Bank Smartly™ Checking account or an existing Gold or Platinum Checking Package? You may be eligible to save money on closing costs for your next mortgage with our existing client credit.1 Take 0.25% of your new first mortgage loan amount and deduct it from the closing costs, up to a maximum of $1,000 off.2

Learn how to save on your next mortgage loan.

Estimated monthly payment and APR example: A $225,000 loan amount with a 30-year term at an interest rate of 3.875% with borrower-equity of 20% would result in an estimated monthly payment of $1,058.04 with an Annual Percentage Rate (APR) of 3.946%.3

Check out today’s refinance rates.

Interest rates vary depending on the type of mortgage refinance you choose. See the differences and how they can impact your monthly payment.

Compare rates

Learn more about refinancing.

What is a mortgage refinance?

Should I refinance?

What’s the refinance process?

Take the next step

Start your application
Find a mortgage loan officer
Call 866-457-8564
Start of disclosure content

Disclosures

Loan approval is subject to credit approval and program guidelines. Not all loan programs are available in all states for all loan amounts. Interest rate and program terms are subject to change without notice. Mortgage, Home Equity and Credit products are offered through U.S. Bank National Association. Deposit products are offered through U.S. Bank National Association. Member FDIC.

  1. Footnote 1

    Clients may be eligible for this credit with an existing U.S. Bank first mortgage, a U.S. Bank Smartly Checking account or an existing Gold or Platinum Checking Package. A minimum of $25 is required to open a U.S. Bank Smartly Checking account. For a comprehensive list of account pricing, terms and policies see the Consumer Pricing Information disclosure and the Your Deposit Account Agreement. These documents can be obtained by contacting a U.S. Bank branch or calling 800-872-2657.

    Return to content, Footnote 1
  2. Footnote 2

    To calculate the U.S. Bank Client Credit, take 0.25% of your new first mortgage loan amount and deduct it from the closing costs. For purchase or refinance transactions, the maximum credit is $1,000. Certain mortgages may not be eligible for stated credits. Offer may not be combined with any other mortgage offers and can only be applied once per property within a 12-month period.

    Return to content, Footnote 2
  3. Footnote 3

    The interest rate identified in the estimated monthly payment and APR example is not indicative of current market rates and is for educational purposes only. The estimated monthly payment and APR calculation are based on borrower-paid finance charges of 0.862% of the base loan amount. If the down payment is less than 20%, mortgage insurance may be required, which could increase the monthly payment and the APR. The estimated monthly payment does not include amounts for taxes and insurance premiums and the actual payment obligation will be greater.

    Return to content, Footnote 3

Calculators are provided by Leadfusion. This calculator is being provided for educational purposes only. The results are estimates that are based on information you provided and may not reflect U.S. Bank product terms. The information cannot be used by U.S. Bank to determine a customer's eligibility for a specific product or service. All financial calculators are provided by the third-party Leadfusion and are not associated, controlled by or under the control of U.S. Bank, its affiliates or subsidiaries. U.S. BANK is not responsible for the content, results, or the accuracy of information.