Real Estate
Mortgage Refinance Calculator
Should you refinance? Calculate your new monthly payment, lifetime savings, and the exact month you break even on closing costs.
Current Loan
New Loan Scenario
Typically 2% - 5% of loan amount.
Monthly Savings
$344
You will break even on closing costs in 14 months (1.1 years).
The Math
Current Loan
Principal & Interest
$2,026
Total Cost Over 25 Yrs
$607,686
New Loan
Principal & Interest
$1,681
Total Cost Over 30 Yrs
$605,326
Lifetime Interest Saved$2,361
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