How to Reduce Your Mortgage Interest in 2026

Understanding Mortgage Interest

Mortgage interest can be one of the biggest expenses in homeownership. Here are proven strategies to reduce what you pay:

Your credit score significantly impacts your interest rate. Even a 20-point increase can save you thousands.

Adding just $100 to your monthly payment can reduce your loan term by several years.

If rates have dropped significantly since you got your mortgage, refinancing could save you money.

15-year mortgages typically have lower interest rates than 30-year loans.

Paying discount points upfront can lower your interest rate over the life of the loan.

Use our mortgage calculator to see how these strategies could affect your payments.

1

Improving your credit score by just 20 points can save you thousands in interest over the life of your loan.

2

Adding $100 to your monthly payment can reduce your loan term by years and save significant interest.

Use our advanced calculator to see your personalized payment plan and amortization schedule.