Refinance Calculator
Compare your current mortgage with a new loan to see monthly savings and how long until you break even.
Current loan
$
%
New loan
%
$
How to read your results
We calculate your current monthly payment and the new payment, then show the monthly difference. Dividing your closing costs by monthly savings gives your break-even point — the month you start truly saving.
- Staying past break-even = net savings.
- Extending the term can lower payments but may raise total interest.
Estimates only — not financial advice.
FAQ
What is the break-even point?
The number of months of savings needed to recover your closing costs.
When is refinancing worth it?
When the new rate is meaningfully lower and you stay past the break-even point.