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Disclosures: Results are estimates only. Rates vary based on credit score, loan type, and market conditions. Not a lender. Always consult a licensed mortgage professional before making financial decisions.
RateMatchUp.com is a comparison platform. We do not lend money or make credit decisions.
Compare monthly payments across different loan terms including interest-only options. See how switching terms could impact your mortgage payments.
Typical closing costs are 2-5% of the loan amount. Includes appraisal, title, lender fees, and escrow.
Interest Only: Pay only interest for initial years. Principal balance remains the same. 30/40 Year: Principal + Interest payments that fully amortize your loan.
Current Payment
$2,400
at 7.25%
New 30 Year Payment
$2,528
at 6.50%
Monthly Difference
+$128/mo
Break-Even Point
N/A
months
Monthly Savings
-$128
per month
Net After 5 Years
$-15,696
includes closing costs
Net After 30 Years
$-54,178
includes closing costs
Green = savings. Red = higher cost. Analysis based on P&I payments only.
Apply Now & Lock In Your Rate$2,167
Per month for interest payments
$2,528
Per month (P&I)
$2,342
Per month (P&I)
Interest Only
$2,717
30 Year
$3,078
40 Year
$2,892
Interest-only loans may have lower payments but don't build equity. Consider your long-term financial goals when choosing a loan term.
Monthly Savings
+$128
Annual Savings
+$1,539
Savings Over 5 Years
+$7,696
Lifetime Savings (30yr)
+$46,178
Calculate the potential modified loan terms. This calculator provides rough estimates only. Actual payments and terms may vary subject to lender/servicer review & approval.
Enter your current loan details above and below you will see your new potential loan balance may split 70% to Loan #1 and 30% to Loan #2.
Knowing if taxes & insurance are included helps calculate your true P&I payment
Conventional Loans
Use Current Rate Unless Market Rate is Lower
FHA / VA / USDA Loans
Use Standard Market Rate
New Potential Restructured Blended Interest Rate
5.10%
Weighted Average Rate
Monthly PITI (Principal, Interest, Tax, Insurance)
$1,397
Based on 40-year term
Loan #1 Balance
$250,000
Loan #1 Rate
6.13%
The blended rate shows your effective average rate across all loans. A lower blended rate means you're paying less in interest overall.
Freddie Mac Standard Modification Rate
View current market modification rates
Fannie Mae Modification Interest Rate
View Fannie Mae modification rates
This calculator provides estimates only. Actual payments and terms may vary. Subject to lender/servicer review and approval.
RateMatchup.com may match you with third-party service providers. You may stop doing business with the matched provider at any time. You may accept or reject any offer received from your lender/servicer. If you reject the offer, you do not have to pay the matched provider. If you accept the offer, you will pay the matched provider directly for their services that will be outlined in a agreement.
RateMatchup.com is not associated with the government, and our matching service is not approved by the government or your lender. The providers we match you with are independent third parties and they are not associated with the government or your current lender/servicer.
Even if you accept an offer and use the services of a matched provider, your lender may not agree to change your loan.
Be Cautious of Upfront Fees: You should never pay an upfront fee for mortgage assistance services. The only exception may be if you are working directly with a licensed attorney — but even then, proceed with caution. Always do your own due diligence and thoroughly research any provider before signing up or paying any fees.
Calculate your monthly mortgage payment and see the full breakdown of costs. Planning your home purchase has never been easier.
Includes FHA Mortgage Insurance
Estimated Monthly Payment
$2,548
This calculator provides estimates only. Actual payments may vary. PMI is included when down payment is less than 20%.
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