Refinance Calculator
Compare your current mortgage to a new refinance offer. See potential savings, break-even, and total interest differences.
Current Loan
New Loan (Refinance)
If rolled in, closing costs increase the new loan amount and accrue interest. If paid upfront, they are added to total cost but not financed.
Monthly Payment Comparison
Current Monthly
$2,073
New Monthly
$1,681
Monthly Savings
$392
Break-even in 12 months
Interest Comparison
Interest Remaining (Current)$321,900
Interest (New Loan)$300,660
Interest Savings$21,240
Total Cost Analysis
Total Cost if You Keep Current$621,900
Total Cost with Refinance$605,160
Estimated Lifetime Savings$16,740
Refinance Details & Assumptions
New Financed Amount
$304,500
Includes closing costs rolled into loan
Important Notes
- • Assumes fixed-rate fully amortizing loans
- • Taxes, insurance, and PMI are not included
- • Results are estimates for comparison purposes
- • Consult with mortgage professionals for actual rates