Use this mortgage refinance calculator to get an estimate.

This home refinance calculator provides an estimate of mortgage refinance costs, potential savings and cash-out refinance options based on the information you provide. It also makes some assumptions about mortgage insurance and other costs, which can be significant. If you’re wondering how to calculate cash-out refinance amounts, this tool simplifies the process and helps you explore your borrowing potential.

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  • Enter your original loan amount.
  • Enter the year your mortgage began.
  • Enter your estimated property value.
  • Enter your cash-out amount.
  • Enter your closing costs (% of new loan amount).
  • Enter your property tax (annual).
  • Enter your homeowners insurance (annual).
The following fields are required.

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

Enter your estimated property value.

It must be more than your original loan amount.

Enter your cash-out amount.

You can take out up to $0
The numbers in these fields are estimates that you may update for more specific results.

Enter your closing costs (% of new loan amount).

Enter a number greater than 0.

Taxes & insurance

Enter your property tax (annual).

Enter your homeowners insurance (annual).

Your refinance results

Monthly payment

Loan Comparison breakdown

Monthly payment
Original loan
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New loan
-
Difference
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Years until payoff
Original loan
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New loan
-
Difference
-
Remaining interest
Original loan
-
New loan
-
Difference
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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

Make changes to your home loan.

A rate-and-term refinance could lower your monthly payment or help you pay off your home sooner.

Explore rate-and-term refinancing

Cash-out refinance

Turn your home equity into cash.

A cash-out refinance can help you access funds for life’s big moments while giving you new mortgage terms.

Discover cash-out refinancing

Got questions about cash-out refinancing? We’ve got answers.

Whether you’re new to the idea of cash-out refinancing or just need a quick refresher, we’re here to help.

A cash-out refinance calculator helps you estimate how much equity you can access from your home while refinancing your mortgage. It’s a quick and easy way to explore your borrowing potential.

To calculate cash-out refinance amounts, enter your current mortgage details, estimated property value and the amount of cash you’d like to borrow into our calculator. It will provide an estimate of your new loan amount and monthly payments.

Using a cash-out refinance calculator can help you understand your borrowing potential, compare loan options and make informed decisions about refinancing your mortgage.

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

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?

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 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.

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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 the 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.

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Conforming fixed-rate estimated monthly payment and APR example: A $405,000 loan amount with a 30-year term at an interest rate of 6.750% with borrower equity of 25% and no discount points purchased would result in an estimated monthly principal and interest payment of $2,626 over the full term of the loan with an annual percentage rate (APR) of 6.920%.

Estimated monthly payment and APR calculation are based on borrower equity of 25% and borrower-paid finance charges of 0.862% of the base loan amount. If the borrower equity 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.

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.