Rate Lock Value | noteworth

Your Mortgage

Tell us about your locked rate

Enter your fixed-rate mortgage details below. We'll calculate what your rate lock is worth in today's market.

I bought my home in for $.
I financed $ on a -year mortgage locked at %.
It's worth approximately $ today.
Today's market rate for a comparable loan is %.

Rate Lock Value

What your rate lock is worth

$325,200

Total savings over remaining term

$2,176

Your payment at 3.25%

vs

$3,260

Market at 6.80%

$1,084

Per month

$13,008

Per year

$325,200

Total savings

$238,461

NPV of lock

noteworth Analysis

What we found

Click "Analyze My Rate Lock" to run the noteworth analysis.

Your Options

Strategies for your rate lock

Your below-market rate is a financial asset. These are the strategies homeowners in that position weigh, including the ones that would give it up.

Strategy	Description	Key Consideration
Hold & Invest the Spread	Keep the mortgage as is and invest the monthly savings from your below-market rate.	Spread can be invested at risk-free rates
Keep as Rental	Renting the property out instead of selling keeps the cheap mortgage in place.	Preserves the rate; rental income covers cheap mortgage
Sell with Assumption	If FHA/VA, the buyer can assume your mortgage and inherit your low rate.	Rate lock adds premium to sale price
Cash-Out Refi	Refinance to access equity in a lump sum. Replaces your existing mortgage entirely.	Gives up the rate lock and re-prices your entire balance
HELOC (2nd Lien)	Open a home equity line of credit as a second mortgage to tap equity.	Preserves rate but HELOC rates are high