Refinance Calculator

Calculate if refinancing your mortgage makes sense and find your break-even point.

Current Mortgage

Your existing mortgage details

Current Balance

Remaining mortgage balance

Current Interest Rate

Years Remaining

years

New Mortgage

Refinance loan details

New Interest Rate

New Loan Term

years

15 or 30 years typical

Closing Costs

Estimated refinance fees

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Estimate your monthly mortgage payment including principal, interest, taxes, and insurance.

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Compare the costs of renting versus buying a home over time to make the right decision.

⚠️ May Not Be Worth It

Based on the numbers, refinancing may cost you more over the life of the loan.

Current Mortgage

Your existing loan

Monthly Payment

Total Interest

New Mortgage

After refinancing

Monthly Payment

Total Interest

Monthly Savings

Break-Even Point19 months