Refinance Calculator

Compare your current mortgage with refinancing options. Calculate monthly savings, break-even time, and total interest savings to make an informed decision.

Previous data restored

Current Mortgage

Current Loan Amount

Current Interest Rate (%)

Current Monthly Payment

Remaining Loan Term (years)

New Mortgage

New Interest Rate (%)

New Loan Term (years)

Closing Costs

Property Value

Refinancing Tips

When to Refinance

Interest rates have dropped significantly
You plan to stay in your home long-term
Your credit score has improved
You want to switch from ARM to fixed-rate

Considerations

Closing costs can be significant
Longer terms may increase total interest
Prepayment penalties on current loan
Market conditions and timing