Mortgage Refinance Calculator

Current Mortgage
$
%
mo
New Loan Terms
%
mo
Closing Costs
$
Refinancing saves
$12.2k
Break-Even
25 mo
Current Payment
$2.0k/mo
New Payment
$1.7k/mo
Monthly Savings
$248/mo
Interest Saved
$18.2k
Break-even point
You'll recoup closing costs in 25 mo(7% of term)
● Closing costs paid: $6.0k● Pure savings: $77.0k

✓ After break-even, every month is profit.

Current Interest Rate
7.25%
New Interest Rate
6.25%
Remaining Term
324 mo
New Loan Term
360 mo
Current Payment
$2.0k
New Payment
$1.7k
Interest saved
$18.2k
Break-Even
25 mo
Subscribe to our monthly newsletter
Financial information and updates, once a month.
You might also like
Mortgage Calculator
Extra payments, variable rate, scenarios, refinancing, affordability
Extra Payment Calculator
Interest saved, time saved, payoff acceleration
Rent vs Buy
Full cost model, opportunity cost, break-even analysis
Popular scenarios