Refinance Calculator
Compare your current mortgage to a refinanced loan — monthly savings, break-even, and total interest.
Optional — additional cash borrowed
Result
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Enter current and new loan details, then click Calculate.
Monthly savings is current P&I minus new P&I. Compare total interest over respective terms too.
Balance, rate, and remaining term.
New rate, term, and closing costs.
See if refinance pays off before you sell.
$280,000 balance, 7% → 6%, $4,000 closing, 30-year new term.
Worth it if you stay past break-even; check total interest if term resets.
Ignoring reset term
Fix: Restarting the clock can increase lifetime interest.
Omitting closing costs
Fix: Break-even requires accurate closing cost estimate.
Compare your current mortgage to a refinanced loan — monthly savings, break-even, and total interest.
Optional — additional cash borrowed
Result
—
Enter current and new loan details, then click Calculate.