See if breaking your current mortgage for a lower rate could save you money after penalties and switching costs, judged by what each option really costs you by your current mortgage's maturity.
Estimated $3,467: enter yours for precision
Know your exact maturity date?
Do you know your mortgage break penalty?
Enter the new interest rate
Current rate available from our mortgage-rate listings. Rate eligibility varies by mortgage and borrower.
Matches your current remaining amortization (18 yr 6 mo), the default apples-to-apples comparison.
Each defaults to $0: add only the ones you know.
Enter your current mortgage and the rate you could switch to. We'll compare:
and show when, or if, the switch pays for itself.
Choose how to determine your break penalty above. It can materially change the answer.
Disclaimer: Calculations are estimates only and do not constitute mortgage advice or a rate quote. The break penalty AdvaEqs estimates is an estimate only. Lenders calculate prepayment penalties differently, so request your lender's exact mortgage payout or prepayment quote. Mortgage rates shown by AdvaEqs may have eligibility requirements and your actual approved rate may differ. Switching costs, incentives, and rate eligibility also vary by lender; always confirm the final terms before making any decisions.