Use this refinance calculator to help you assess if refinancing your mortgage with Rocket Mortgage rates is the right choice for you.

Why Refinance?

Refinancing can offer lower rates, which can save you money on your mortgage payments. But, it’s important to weigh the benefits against any associated costs, such as fees or extending the term.

FAQs

What is the best time to refinance? Refinancing makes sense when mortgage rates drop or if your credit score improves.

Will refinancing lower my monthly payments? If rates go down or you extend the loan term, your monthly payment may decrease.

What are the costs of refinancing? Costs can include application fees, closing costs, and appraisal fees.