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How Much Does a Lower Rate
Actually Save?

Real numbers by loan size. Not estimates — actual payment math at each rate level. Built by a 23-year banker who reviewed these numbers daily.

0.5% Rate Reduction — Monthly & Lifetime Savings

Loan AmountAt 7.0%At 6.5%Monthly Savings30-Year Savings
$200,000$1,331$1,264$67/mo$24,120
$300,000$1,996$1,896$100/mo$36,000
$400,000$2,661$2,528$133/mo$47,880
$500,000$3,327$3,160$167/mo$60,120
$600,000$3,992$3,792$200/mo$72,000
$800,000$5,323$5,056$267/mo$96,120

1.0% Rate Reduction — Monthly & Lifetime Savings

Loan AmountAt 7.0%At 6.0%Monthly Savings30-Year Savings
$200,000$1,331$1,199$132/mo$47,520
$300,000$1,996$1,799$197/mo$70,920
$400,000$2,661$2,398$263/mo$94,680
$500,000$3,327$2,998$329/mo$118,440
$600,000$3,992$3,597$395/mo$142,200
$800,000$5,323$4,796$527/mo$189,720

Credit Score Impact on Rate

Credit ScoreTypical RatePayment on $400Kvs 740 Score30-Year Cost
580-619~7.8%$2,873+$475/mo+$171,000
620-659~7.5%$2,797+$399/mo+$143,640
660-699~7.1%$2,693+$295/mo+$106,200
700-719~6.8%$2,614+$216/mo+$77,760
720-739~6.4%$2,504+$106/mo+$38,160
740+~6.1%$2,398Best rateBaseline

The difference between a 580 score and a 740 score on a $400,000 mortgage is $475/month — or $171,000 over 30 years. Same house. Same bank. Different number.

See Your Exact Numbers

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P&I only. Rates are illustrative based on typical market spreads by credit tier. Actual rates vary by lender, loan type, and market conditions. Not financial advice.

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