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Refinancing

Refinance when the math says yes. Not before.

Don't just watch rates. Watch the break-even point. Lowi™ AI shows when a refinance actually pays for itself, and tells you plainly when waiting is the better move.

Break-even in monthsNot guesswork.
Alerts by text and emailWhen your target rate shows up.
Statement uploadSee your options in minutes.
A homeowner smiling at her kitchen table
Refi strategy

Understanding the 2:1 rule.

Refinancing carries upfront fees. Here is our plain-English checklist for whether paying closing costs is a positive long-term move.

01Calculate the rate spreadIs the target rate at least 0.50% to 0.75% below yours? That gap creates room to offset typical closing costs.
02Confirm your tenureWill you keep the home at least 2 years? Savings should pay back the costs within about 24 months.
03Audit the real closing costs"No-cost" refis often roll costs into a higher rate. Compare every fee on your Loan Estimate before you commit.
Yield Estimator

Is refinancing worth it?

Compare your current rate with a target rate and see the monthly savings and the month your closing costs are paid back.

Monthly$213
Yearly$2,552
Break-even17 mo
Lowi™ AI says

Pays for itself in 17 months. That passes the 2:1 rule.

Compares principal and interest on a new 30-year term. Educational only. Verify fees on your Loan Estimate.

Statement analysis

Upload your mortgage statement.

Drop in a PDF or photo of your statement (up to 10 MB), or type the details yourself. You get your current loan, today's market comparison, potential savings, and recommendations.

Drop a PDF or photo herePDF, PNG, or JPGOr enter it yourself, all optional: balance, rate, monthly payment, escrow balance, property address, lender, loan number, next payment date.Analyze my statement
Learning Hub · Existing homeowner

Four ways to improve your mortgage.

Explained without the jargon.

✓The rate refinance✓Cash-out refinance✓HELOC and home equity loan✓Removing PMI
Read the homeowner guide
Automated Rate Alerts

Never miss your window.

Set the rate that makes your break-even work. Lowi™ AI watches the market and alerts you by text and email the moment your refinance goal becomes real. Free, with no application required.

Set up Rate Alerts
Example alert · 30-Year Fixed● Watching
Target6.25%
Today6.45%
Target 6.25%0.20 to goToday 6.45%Alerts by text and email · Watching 90 days

Refinance on your terms.

Set your target once. We'll tell you when the math works, by text and email.

Set a free rate alertAsk Lowi™ a question