Not quite worth it yet.
It'd take 48 months to earn back the closing costs. We'll watch rates and tell you the moment that changes.
Your numbers
Percent — check your latest mortgage statement.
Roughly what you still owe.
Not needed for this math — it just lets us track your value too.
The math, in full
Saved over 5 years
$12,702
If you keep the loan that long, minus closing costs: $2,452 net.
Rate you'd need
5.75%
The highest rate at which refinancing pays for itself within 24 months. Watch for this.
Where these numbers come from
Today's rate
Freddie Mac's weekly national average via FRED — as of Jul 23, 2026.
Your rate & balance
You told us. Your latest statement has the exact figures.
Closing costs
Estimated at 2.5% of the loan — typical for lender fees, title, and appraisal. Your actual quote will vary.
No credit check
Nothing here touches your credit. No inquiry, no trigger lead, no lender calls.