Your FICO® score determines your rate when refinancing.

Refinancing your home can be a great way to take advantage of low interest rates and lower your monthly mortgage payments. In order to qualify for the best rates, you'll need to have a good credit rating – this means a FICO® score in the mid 700s or better. In many cases, the difference of just a few percentage points when you refinance translates into thousands of dollars each year.

Enter your loan information into this calculator and see how much money your FICO® score is costing you or saving you. And in today's mortgage market, if your score is on the lower ranges, you likely won't qualify for refinancing.

Interest rates accurate as of July 30, 2014.

Make sure you know when to refinance!

Knowing when to refinance based on your FICO® score can save you thousands of dollars each year on your mortgage. When considering refinancing, myFICO recommends that you ask your mortgage lender what your FICO scores need to be to qualify for their best rates and then check your scores. If your FICO scores aren't high enough, it may be in your best interest hold off refinancing until your score changes. Score Watch® will monitor your Equifax FICO score and alert you when your score meets your lender's requirements.

"I can't emphasize enough the importance of paying bills on time and tracking your FICO score, it is crucial to current market conditions. I am a semi-retired woman who purchased a home in a depressed California market in January 2009. Due to a FICO score above 760, the mortgage lender gave me an immediate paperless loan and it closed escrow in 30 days." — Sharon, Aliso Viejo, CA Read More

With Score Watch® you get:

Receive Email alerts or text messages when there are changes to your FICO® score and credit report. Getting alerted of changes to your score and report will help keep you on top of your credit.

Both the positive and negative factors of your credit that are influencing your FICO® score. These factors can help you better understand your credit situation.

Notifications when your FICO® score has changed enough to qualify you for a better interest rate on a home loan or auto loan. You can receive an alert when your score hits a target number that you set.

FICO Score is used by 90 of the top 100 lenders

Score Watch®
  • Get 2 Equifax credit reports and FICO® Score
  • On-the-go mobile alerts of important changes
  • Checking your own credit report will not lower your FICO Score



* You may cancel your free 10-day trial subscription of Score Watch at anytime within the 10-day trial period without charge. If you don't cancel prior to the end of
10-day trial period, you'll be billed at $14.95 for each month that you continue your subscription. The minimum subscription period is three months.

Compare rates and save on your home loan.

Get matched with a lender you can trust.


myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

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