Wend for mortgages

Refinance, or
stay put?

A lower rate is not automatically a good deal. Wend runs your real numbers, the breakeven math, and how long you plan to stay, then tells you plainly whether refinancing pays off, and which lenders are worth checking. No account, no credit pull.

Free · no credit impact · takes 3 minutes
The lay of the land

Whether refinancing pays off is specific to you. A record share of homeowners now sit above 6%, but a lower rate alone never settles it.

$13.19T
Total U.S. mortgage debt. The largest household debt by far.
source NY Fed Household Debt & Credit, Q1 2026
~22%
Of homeowners now hold a rate of 6% or more, the highest share in a decade and still climbing.
source FHFA National Mortgage Database / Redfin, Q4 2025
+14%
Foreclosure filings rose in 2025 after years near record lows, still well below crisis levels.
source ATTOM Year-End Foreclosure Report, 2025
~11 yrs
Median time owners stay in a home. Refinancing pays only if you stay past breakeven.
source NAR Profile of Home Buyers & Sellers, 2025
All figures are June 2026 snapshots; the underlying reports update periodically. A lower rate is not automatically a good deal. Whether refinancing pays off comes down to breakeven: how long it takes the monthly savings to cover the closing costs, versus how long you stay.
Why this is confusing

The ads all say refinance now. The honest answer is "it depends," and here's on what.

01
A lower rate is not the same as a good deal
Refinancing costs money up front, and a fresh 30-year term can restart the clock on interest. A smaller rate can still cost you more overall. The rate alone never decides it.
02
Timing is everything, and nobody hands you the number
Whether it pays off depends on how long you stay versus how long it takes the savings to cover the costs. Most calculators give you math; almost none give you the verdict.
03
The pitch is everywhere, the honest answer is rare
Lenders make money when you refinance, so the ads never stop. Far fewer will tell you plainly when the smart move is to keep the loan you already have.

Wend's whole job is to cut through that: run your real breakeven, compare it to how long you'll stay, and give you a straight yes, no, or "it's genuinely close."

What you'll see

A clear verdict, not a pile of numbers.

Here's what Wend says for a homeowner weighing a refinance on a $420k loan:
Refinancelower payment
$420,000 · 30-yr fixed6.75% › 5.875%
Breakeven 41 months · you plan to stay 8 years

Your credit tier maps to about 5.875% on a refinance, nearly a point below your 6.75%. That frees up roughly $250 a month, and the ~$11,000 in closing costs is covered in about 41 months. You plan to stay 8 years, well past breakeven, so refinancing pays off.

Your move
Check rates at 2–3 of the lenders we surface for your situation, then confirm the rate and closing costs before you lock.
You'll get a verdict like this for your situation, with the breakeven math shown and the lenders worth checking listed below it.
Ready when you are.
Not financial advice. Wend is an analysis tool; your actual rate and closing costs are set by the lender.