Rates for your scenario.
Here's what a $450,000 refinance looks like in CO right now.
Par rates as of Apr 20, 2026. Rates move daily.
30-Year Fixed Conventional
5.875%APR 5.875%
~$2,662/mo principal & interest
on $450,000 · 30-day lock
15-Year Fixed Conventional
5.125%APR 5.125%
~$2,450/mo principal & interest
on $450,000 · 30-day lock
30-Year FHA
5.375%APR 5.375%
~$2,520/mo principal & interest
on $450,000 · 30-day lock
What you're looking at
These are today's par rates with our standard compensation built into the APR — what you'd actually close at, not a teaser rate. Points and fees are included in the APR so you can compare apples to apples.
If your current rate is above 6.5%, the math on a refinance is probably worth running. If it's below 5%, usually not — unless you're taking cash out or shortening the term.
Closing costs run $3,000–$5,000 on a typical refinance. Divide that by your monthly savings to get your break-even. The refi analyzer runs that math for you.