Financial
Refinance Calculator
Compare your current mortgage to a refinance and find the break-even point.
Inputs
Refinance Calculator
$
%
%
$
Result
Monthly saving
$308.56
- New payment
- $1,663.18
- Old payment
- $1,971.74
- Break-even
- 17 months (1.4 yrs)
- Total saved over new term
- $106,081.80
Common questions
Should I refinance if I'll move soon?
Only if you'll stay past the break-even point shown above. Otherwise closing costs eat the savings.
Related calculators
Financial
Mortgage Calculator
Estimate monthly payments, total interest, and full amortization for a home loan.
Financial
Amortization Calculator
Full month-by-month breakdown of principal vs interest for any fixed-term loan.
Financial
APR Calculator
True Annual Percentage Rate on a loan, including upfront fees.
Financial
Loan Calculator
Monthly payment, interest, and payoff schedule for any fixed-term loan.