Rate Change Impact Calculator
See how a Federal Reserve rate cut or hike would affect your mortgage payment and savings interest.
Your Financial Details
Mortgage
$
%
Savings Account
$
%
%
Mortgage Impact
Current Payment$2,661.21/mo
New Rate6.75%
New Payment$2,594.39/mo
Monthly Savings+$66.82
Annual Savings$801.81/yr
Savings Impact
Current APY4.5%
Current Annual Interest$2,250.00
New APY4.25%
Annual Change-$125.00
New Annual Interest$2,125.00/yr
Net Annual Impact
Mortgage Savings/yr
+$801.81
+
Savings Interest Change/yr
-$125.00
=
Net Annual Change
+$676.81
Disclaimer: This calculator provides estimates for educational purposes only. Actual mortgage rates depend on lender, credit score, loan type, and many other factors. Savings rate changes may lag Fed rate changes. This is not financial advice.