Refinance Calculator
Compare your current mortgage with a new loan and estimate savings and your break-even point.
Current loan
$
%
yr
New loan
%
2.0% of loan
$
Cost: $0
Refinance summary
Current payment
$2,120.34
/month
New payment
$1,703.37
/month
Monthly savings
+$416.97
Break-even point
1 years, 3 months
15 months to recoup $6,000 in closing costs
Total interest
Current remaining term$336,101
New full term$313,212
Closing costs$6,000
Total cost comparison
Current loan$636,101
New loan$619,212
Lifetime savings+$16,889
Cost over time
5 years
Current$127,220
New$108,202
10 years
Current$254,441
New$210,404
Full term (30 years)
Current$636,101
New$619,212
CurrentNew
Loan estimates are informational only. Rates, payments, costs, and qualification vary by lender and borrower profile.