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.

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Learn about your refinancing options.

Traditional Refinance

A Traditional 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 our of your home

See the benefits of a Traditional 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 customer credit offer

Current U.S. Bank customers with an existing first mortgage, a U.S. Bank Smartly™ Checking account or an existing Gold or Platinum Checking Package may be eligible for a customer 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.

Estimated monthly payment and APR example: A $225,000 loan amount with a 30-year term at an interest rate of 3.875% with a down payment 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 mortgage rates.

Interest rates vary depending on the type of mortgage you choose. See the differences and how they can impact your monthly payment.

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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 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. National Association of Home Builders. "New and Existing Single Family Home Prices, U.S.,” Accessed August 30, 2021.

  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. 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. 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 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.