Renewal vs New Lender:
Rate Comparison Calculator
Compare two rates side-by-side and find your break-even point for switching lenders at renewal.
Enter Your Numbers
$400,000
20 years
5.49%
4.89%
$500
$2,749.29
Current Payment
at 5.49%
$2,615.58
New Payment
at 4.89%
$133.71
Monthly Savings
per month
4 mo
Break-Even
to recoup switch cost
Over 20 years, switching saves you $32,091.24 in interest. You recoup the switch cost in just 4 months.
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