Mortgage Refinance Calculator

Compare your current mortgage with a refinance option and find your break-even point.

Current Loan Balance ($)

Current Monthly Payment ($)

New Interest Rate (%)

New Loan Term (years)

Closing Costs ($)

New Monthly Payment$1,419.47

Monthly Savings+$380.53

New Total Interest$261,010.10

Break-Even Point

11 months

Less than a year to recoup $4,000.00 in closing costs

Lifetime Savings (after closing costs)+$132,989.90over the new 30-year term