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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 Payments
Current Monthly
$2,073
New Monthly
$1,681
Monthly Savings
$392
Break-even in approximately 12 months
Total Cost & Interest
Interest Remaining (Current)
$321,900
Interest (New)
$300,660
Total Cost if You Keep Current
$621,900
Total Cost with Refi
$605,160
Estimated Lifetime Savings
$16,740
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Details

New financed amount: $304,500

Assumes fixed-rate fully amortizing loans. Taxes, insurance, and PMI are not included here.