Refinance Calculator

Should you refinance? Compare your current loan to a new one.

Current Balance ($)

Current Rate (%)

Remaining Months

New Rate (%)

New Term

Closing Costs ($)

Monthly Savings

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Current Payment

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New Payment

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Break-Even

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Lifetime Savings

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How it works

Refinancing makes sense if you'll stay long enough to recover the closing costs and the rate drop is meaningful (typically 0.75%+ for it to be worthwhile after fees). Be cautious about resetting the term — extending a 15-year remaining term back to 30 years can erase total savings.

For informational purposes only. Not financial advice.