Mortgage Refinance Calculator

Calculate how much you could save by refinancing your mortgage to a lower interest rate. Factor in closing costs to see your true break-even point.

Remaining Balance ($)

Current Interest Rate (%)

Months Remaining

Current Monthly Payment ($)

New Interest Rate (%)

New Loan Term (years)

Estimated Closing Costs ($)

$397

Monthly Savings

$1,703

New Monthly Payment

$11,788

Lifetime Savings

Break-Even Point

13 months

Current Total Interest

$330,000

New Total Interest

$313,212