Check out current refinance rates for a 30-year conventional fixed-rate loan.

These rates and APRs are current as of $date and may change at any time. They assume you have a FICO® Score of 740+ and at least 25% equity, that the loan is for a single-family home as your primary residence and that you will purchase up to one mortgage point.

Mortgage points, or discount points, are a form of prepaid interest you can choose to pay up front in exchange for a lower interest rate and monthly payment. One mortgage point is equal to about 1% of your total loan amount, so on a $250,000 loan, one point would cost you about $2,500. Connect with a mortgage loan officer to learn more about mortgage points.

See all fixed-rate refinance rates See all refinance rates

Mortgage refinance calculator

See if refinancing is right for you and how much you could save with our mortgage refinance calculator. This calculator provides estimates based on default assumptions. For the most accurate results, update the values to reflect your current financial situation, including taxes and insurance.

Ready to refinance your mortgage?

Start your application if you’re ready to refinance your mortgage.

Start your application

Get answers to common questions.

A 30-year fixed rate mortgage is the most common mortgage loan option. It has a repayment period of 30 years. The interest rate on a 30-year fixed mortgage does not change throughout the life of the loan.

The main advantages of a 30-year fixed mortgage are outlined below. An experienced U.S. Bank mortgage loan officer can help you learn more.

  • Stability: You’ll be able to lock the interest rate on your mortgage for the entire 30-year term. This gives you a degree of predictability you won’t have with an adjustable-rate refinance.
  • Smaller monthly payments: With a 30-year fixed refinance loan, you’re able to spread the repayment of your loan over a longer period of time so your monthly payment is smaller.
  • Qualification for a larger mortgage: With a 30-year fixed, your monthly payment is a smaller percent of your total monthly income. This ratio is evaluated when determining your qualification for a mortgage. With a lower ratio, you may qualify for a larger mortgage.
  • Flexibility: The smaller payment gives you greater financial flexibility. Do you need to pay down higher-cost debt? Do you want to build a bigger safety net? A 30-year fixed mortgage gives you the flexibility to choose. You can make a larger payment any time without incurring any penalties.

A fixed-rate mortgage gives you predictability regardless of term. So, why choose a 30-year term? It’s a good option if you:

  • Want to keep your monthly payment low without giving up the stability of a fixed rate
  • Wish to get approval for a larger loan
  • Plan to stay in your home for the long term

U.S. Bank offers a variety of loan terms and options. Our mortgage loan officers are dedicated to helping you understand and choose the option that’s best for you.

If you’re thinking of refinancing to a 30-year fixed, consider the following.

  • Do you currently have an adjustable-rate and are looking for the security of a fixed?
  • Do you want to tap into your home’s equity for cash out without a home equity loan or line of credit?
  • Is the monthly payment on your 15- or 20-year mortgage too high? Visit our 15- vs. 30-year mortgage calculator to get an estimate of your 30-year fixed monthly mortgage payment.

A U.S. Bank mortgage loan officer can help you decide if refinancing to a 30-year fixed mortgage is a good option for you. If you’re curious about the costs associated with refinancing, use our mortgage refinance cost calculator to get an estimate of how much it will cost.

Take the next step

Start your application
Call 855-815-8894
Request a call
Find a mortgage loan officer
Start of disclosure content

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.

Start of disclosure content

  1. Conforming fixed-rate loans: The annual percentage rate (APR) calculation assumes a $405,000 fixed-term loan with 25% borrower equity and borrower-paid finance charges of 0.862% of the loan amount, plus origination fees if applicable. If the borrower equity is less than 20%, mortgage insurance may be required, which could increase the monthly payment and the APR. Conforming rates are for loan amounts not exceeding $806,500 ($1,209,750 in Alaska and Hawaii).

  2. Annual percentage rate (APR) represents the true yearly cost of your loan, including any fees or costs in addition to the actual interest you pay to the lender. The APR may be increased after the closing date for adjustable-rate mortgage (ARM) loans.

Start of disclosure content

The rates shown above are the current rates for the refinance of a single-family primary residence based on a 45-day lock period. These rates are not guaranteed and are subject to change. This is not a credit decision or a commitment to lend. Your final rate will depend on various factors including loan product, loan size, credit profile, property value, geographic location, occupancy and other factors.

To lock a rate, you must submit an application to U.S. Bank and receive confirmation from a mortgage loan officer that your rate is locked. An application can be made by calling 888-291-2334, by starting it online or by meeting with a mortgage loan officer.

Minnesota properties: To guarantee a rate, you must receive written confirmation as required by Minnesota Statute 47.206. This statement of current loan terms and conditions is not an offer to enter into an interest rate or discount point agreement. Any such offer may be made only pursuant to subdivisions 3 and 4 of Minnesota Statutes Section 47.206. 

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.