A lower rate doesn't automatically mean refinancing is worth it — the upfront costs need time to pay for themselves. This compares your current loan against a refinanced one on a like-for-like basis and shows the exact break-even point, so the answer depends on how long you actually plan to keep the loan, not just the rate difference.
Your Current Loan
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The Refinance Offer
Often reset to a new fixed term — check your offer.
$
Your Plan
If you'd sell the home or pay off the loan before this, refinancing may not pay off.