Use this mortgage refinance calculator to get an estimate.

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

Ready to refinance?

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Still have questions about refinancing?

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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 for a client credit on the closing costs of your next mortgage.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 refinancing a mortgage?

Learn more about refinancing a mortgage

Should I refinance?

Find out if refinancing is right for you

What’s the refinance process?

Follow these steps if you’re considering refinancing

Take the next step

Start your application
Find a mortgage loan officer
Call 855-815-8894
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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 rates and program terms are subject to change without notice. Visit usbank.com to learn more about U.S. Bank products and services. Mortgage, home equity and credit products offered by U.S. Bank National Association and subject to credit approval. Deposit products offered by U.S. Bank National Association. Member FDIC.

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  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.

  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.

  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.

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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.