Independent Mortgage Education for US Homeowners

Our Mission

Refinancing a mortgage is one of the most significant financial decisions a homeowner can make. Yet most of the information available online comes from lenders, brokers, and lead-generation services with a direct financial interest in your decision.

FindMyRate was built to change that. We are not a lender. We are not a mortgage broker. We do not sell leads to third parties or earn commissions when you apply for a loan. Our only goal is to give you the clearest, most accurate picture of whether refinancing makes sense for your specific situation.

Our flagship tool — the Mortgage Refinance Calculator & Decision Engine — uses the same amortization mathematics that licensed lenders use, presents your results in plain English, and tells you exactly what the math says without pushing you toward any particular outcome.

What We Do

What We Don't Do

Transparency matters. Here is what FindMyRate is explicitly not:

• We are not a mortgage lender — we do not originate, underwrite, or fund any loans.
• We are not a mortgage broker — we do not connect you with lenders or receive compensation for referrals.
• We do not provide financial advice — our tools produce educational estimates, not personalized financial recommendations. Consult a licensed mortgage professional before making refinance decisions.
• We do not store your financial data — all calculator inputs remain in your browser and are never transmitted to our servers.
• We do not sell your information — we have no lead-generation partnerships and do not share user data with lenders or third parties.

Our Editorial Standards

All content on FindMyRate is written and reviewed by our editorial team with the following commitments:

Accuracy First

Every calculator on this site uses verified financial formulas. Our mortgage payment calculations use the standard US amortization formula: P × [r(1+r)ⁿ] / [(1+r)ⁿ−1], where P is the loan principal, r is the monthly interest rate (annual rate ÷ 12), and n is the total number of payments. Results are cross-checked against licensed mortgage software before publication.

Data Sources

Market rate data and industry statistics referenced on this site are sourced from authoritative public sources including Freddie Mac's Primary Mortgage Market Survey (PMMS), the Consumer Financial Protection Bureau (CFPB), the Federal Reserve's H.15 Statistical Release, and Fannie Mae's National Housing Survey. We cite sources directly in our content.

Regular Updates

Content is reviewed and updated monthly to reflect current market conditions, regulatory changes, and new data. The "Last Updated" date on each page reflects the most recent substantive review.

No Conflicts of Interest

Our editorial content is written independently. While we may display advertising to support our operations, advertisers have no influence over our calculator methodology, educational content, or verdicts. Content is never written to benefit specific lenders.

How Our Calculator Works

The FindMyRate Mortgage Refinance Calculator computes five core outputs from your inputs:

• Current monthly payment — calculated from your existing balance, rate, and remaining term using standard amortization math.
• New monthly payment — calculated from your same balance at the new proposed rate and term.
• Monthly and yearly savings — the difference between current and new payments, adjusted for PMI elimination if applicable.
• Break-even timeline — net closing costs (costs + points − lender credits) divided by monthly savings, expressed in months and as a calendar date.
• Plain-English verdict — a four-tier assessment (Strong, Moderate, Borderline, Not Worth It) based on your break-even timeline, monthly savings, and remaining loan term.

All calculations happen instantly in your browser. No data is sent to any server. Results are estimates for educational purposes and will differ from actual lender quotes, which depend on your full credit profile, property details, and lender-specific fees.

Important Disclaimers

Not a licensed financial advisor. FindMyRate is an educational platform. Nothing on this site constitutes personalized financial, mortgage, tax, or legal advice. All results are estimates based on the inputs you provide and standard financial formulas.

No guarantee of accuracy. While we strive for accuracy, mortgage calculations depend on numerous factors that vary by lender, state, and individual circumstance. Always obtain official Loan Estimates from licensed lenders before making decisions.

Rates are illustrative. Featured interest rates shown on this site are examples for illustrative purposes only. Your actual rate will depend on your credit score, debt-to-income ratio, loan-to-value ratio, property type, and lender.

For personalized mortgage advice, consult a licensed mortgage professional. To verify a lender's license, use the NMLS Consumer Access database.