Use this mortgage refinance cost calculator to get an estimate.

This mortgage refinance cost 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.

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How much does it cost to refinance a mortgage?

Before you refinance, make sure you’re aware of the costs associated with doing so. The cost to refinance a mortgage can vary depending on several factors. For example, the interest rate, credit score and loan amount. Our mortgage refinance cost calculator can help you figure out how much it will cost to refinance your mortgage.

Get more information about refinancing.

Learn about your refinancing options.

Rate-and-term refinance

A rate-and-term refinance might be a good option if you’re looking for a lower interest rate or a shorter term. It’s a low-cost way to get the most out of your home.

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

Cash-out refinance

Take advantage of the equity in your home. Use it to pay for college tuition, home improvements or to buy a vacation home.

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

Existing client credit offer

When you set up autopay from U.S. Bank personal checking account prior to final approval, you may be eligible for a client credit1 of 0.25% of the loan amount deducted from the closing costs of your new first mortgage, up to a maximum of $750.2

Learn how to save on your next mortgage loan.

Conforming fixed-rate estimated monthly payment and APR example: A $405,000 loan amount with a 30-year term at an interest rate of 6.625% with a down payment of 25% and no discount points purchased would result in an estimated monthly principal and interest payment of $2,594 over the full term of the loan with an annual percentage rate (APR) of 6.794%.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

When should you refinance?

Find out if refinancing is right for you

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Call 855-815-8894
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Disclosures

  1. To receive the U.S. Bank client credit, automatic payment enrollment must be completed prior to final loan approval through a U.S. Bank consumer checking account; however, establishing automatic payments is not required for loan approval. 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 and Your Deposit Account Agreement. These documents can be obtained by contacting a U.S. Bank branch or calling 800-872-2657.

  2. For purchase or refinance transactions, the maximum credit is $750 and is applied as a reduction of eligible mortgage closing costs at loan closing. 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. Conforming fixed-rate estimated monthly payment and APR example: A $405,000 loan amount with a 30-year term at an interest rate of 6.625% with a down payment of 25% and no discount points purchased would result in an estimated monthly principal and interest payment of $2,594 over the full term of the loan with an annual percentage rate (APR) of 6.794%.

    Estimated monthly payment and APR calculation are based on a down payment of 25% and 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. Estimated monthly payment does not include amounts for taxes and insurance premiums and the actual payment obligation will be greater.

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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.

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 client'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.