A practical next step · Free borrowing tools

See your refinance break-even timeline

Compare cash-payment savings and costs including remaining balances, month by month, before deciding what to ask a lender.

How this calculator works · Page and input checks by FinToku · November 9, 2026

Explore your scenario

Illustrative inputs, not current rates or an offer. Fixed monthly periods; USD. Supported note rates: 0–30%. Read the method and exclusions.

Freddie Mac weekly mortgage benchmark

The November 5, 2026 survey reported 7.18% for 30-year fixed mortgages and 6.57% for 15-year fixed mortgages.

Scope: national weekly averages from Freddie Mac’s survey of conventional conforming purchase loans. Use your written quote for your own scenario. Freddie Mac archive and update calendar.

Track a target against recent weeks

Fixed mortgage term Target benchmark rate (%)

Open refinance scenario →

Enter a target to compare it with the dated snapshot. The site does not send alerts.

Weekly national averages and target comparison
Week	30-year	15-year	Selected term vs. target
September 17, 2026	6.95%	6.26%	—
September 24, 2026	7.03%	6.42%	—
October 1, 2026	7.28%	6.60%	—
October 8, 2026	7.40%	6.73%	—
October 15, 2026	7.40%	6.71%	—
October 22, 2026	7.32%	6.68%	—
October 29, 2026	7.24%	6.60%	—
November 5, 2026	7.18%	6.57%	—

Edit the example and calculate to see results.

How to interpret the result

Cash saving compares cumulative installments less the cash closing cost. Balance-adjusted cost saving also includes the remaining balance of each loan. A smaller installment can come from extending the term rather than a lower overall cost. These are nominal dollars with no discounting or tax effect.

Before deciding, match the written terms

Closing costs include the required charges I will pay outside the loan.
The proposed monthly payment fits my budget, including other expenses.
My comparison month reflects how long I expect to keep the new loan.

These manual checks are not an approval or recommendation.

The timeline continues through both loan terms. “First recovery” means the first nonnegative modeled month; it may reverse later. Choose a horizon within the longer term and review the balance columns.

Existing refinance calculator · Federal Reserve: refinancing costs and comparison concepts ↗

Method, assumptions and review date

Interface reviewed November 8, 2026. Planning estimates and task organization only. Read formulas, exclusions and worked examples. Each result depends on the inputs; no current lender rates or eligibility checks are supplied.