Refinance Calculator

Compare current vs new mortgage terms

Current Mortgage

Remaining Balance

Interest Rate (%)

Remaining Term (Years)

Current Monthly Payment

$2,797

New Mortgage

New Interest Rate (%)

New Term (Years)

Closing Costs

New Monthly Payment

$2,398

Refinance Analysis

Monthly Savings

$399

Annual Savings

$4,784

Break-Even Period

13 months

Total Savings

$138,516

Over 30 years

Disclaimer: This calculator is for informational purposes only and is not intended to provide financial, legal, or tax advice. The results are estimates and should not be used as a substitute for professional financial advice. Please consult with a qualified financial advisor, accountant, or attorney before making any financial decisions.