Refinance Calculator

Compare your current mortgage against a refinance option. Enter your current rate, balance, and remaining term alongside the new rate and closing costs to see monthly savings, breakeven timeline, and total interest saved.

← Back to Tools

Refinance Calculator — Should You Refinance Your Mortgage?

Compare your current mortgage against a refinance option. See monthly savings, breakeven months, and total interest saved.

Current Balance ($)Current Interest Rate (%)Current Remaining Term (months)New Interest Rate (%)New Term (months)Closing Costs ($)

Current Payment$1,864

New Payment$1,720

Monthly Savings$144

Breakeven (months)35~2.9 years

Total Interest Saved$29,611

Cumulative Savings from Refinancing

Related Calculators

Mortgage Calculator

Estimate monthly payments and amortization.

Mortgage Payoff

Pay off your mortgage early.

House Affordability

How much house can you afford?