Mortgage Refinance Calculator

Your actual rate, payment, and costs could be higher. Get an official Loan Estimate before choosing a loan.

Am I Better Off Refinancing?

Save money and lower your monthly payments by refinancing your home. Refinancing may be right for you if you need to take cash out on your home, want a stable monthly payment, or reduction in your mortgage term. Fifth Third Bank’s Mortgage Refinance Calculator shows your current loan vs. your refinanced loan and displays savings per month, as well as total money saved in interest if you refinanced. Input your information, then get your refinancing journey started by contacting a mortgage loan specialist. Learn more about refinancing a mortgage.

Refinancing Mortgage Rates

Interest rates change frequently. Consider refinancing if your rate is higher than the current market rate. You can lock in your rate so it won’t change at closing no matter what the market does. For current rates, contact a Fifth Third Mortgage Loan Specialist.

Mortgage Refinancing FAQs

Next Steps

Fifth Third can help you refinance your home mortgage. Learn about mortgage basics and the types of mortgages we offer. Questions? Schedule an appointment, talk to a mortgage loan specialist, or give us a call at 1-866-351-5353.

Additional Resources

Fifth Third Bank’s Mortgage Affordability Calculator helps estimate how much home you can afford and which mortgage payments will work for your budget.

Fifth Third Bank’s Rent vs Buy Calculator will help you decide whether renting a home or buying a home makes more financial sense for your budget.

Ready to purchase a home? How much money should you put down? Fifth Third Bank's down payment calculator will help you decide the best down payment amount.