Refinance Calculator
Compare old vs new mortgage — see monthly savings and break-even.
See how it works
Watch a quick simulation of this tool in action — no file needed.
How to use Refinance Calculator
Follow these steps — everything happens instantly in your browser.
- 1
Step 1. Enter your current loan balance and interest rate.
- 2
Step 2. Enter the new rate you've been offered.
- 3
Step 3. Set the remaining term and the new term.
- 4
Step 4. Enter estimated closing costs.
- 5
Step 5. See monthly savings, break-even months, and total cost difference.
Why use this tool
Frequently asked questions
Everything you might want to know about refinance calculator.
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