Refinance Calculator

Calculate your break-even point and total savings from refinancing your mortgage. See if refinancing makes financial sense.

Current Loan

Auto-filled if blank

New Loan

Typically 2-5% of loan amount
New Monthly Payment
Monthly Savings
Break-Even (Months)
Total Savings

When to Refinance

A general rule: refinance if you can lower your rate by 1%+ and plan to stay beyond the break-even point. If you're paying closing costs of $6,000 and saving $200/month, your break-even is 30 months. Move before then, and refinancing costs more than it saves.

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