Live tool/tool/mortgage-refinance-calculator

Mortgage Refinance Calculator

Compare your current mortgage against a refinance offer. Estimate payment changes, total interest impact, and closing-cost break-even timing.

FinanceMortgagePlanning

Current balance

Current rate

Years remaining

New rate

New term

Closing costs

Assumption

Break-even months are only shown when the refinance lowers the monthly payment.

Current payment

$2,534.37

Refi payment

$2,223.68

Monthly delta

-$310.68

Positive means the refinance lowers the payment.

Lifetime savings

+$16,108.97

Includes closing costs against interest savings.

Break-even

15 mo

Closing costs

$4,500.00

Assumption

This compares fixed-rate schedules on the remaining balance only. Taxes, escrow, and cash-out proceeds are excluded.