Refinance Calculator

Discover if refinancing your loan will save you money and calculate your break-even point

Original Loan

Your current loan details

Original Amount

Interest Rate (%)

Term (Years)

Payments Made (Months)

New Loan

Your proposed refinance terms

New Rate (%)

New Term (Years)

Closing Costs

Original Monthly

$0.00

New Monthly

$0.00

Monthly Savings

$0.00

Remaining Balance

$0.00

Refinance Savings Summary

Original Interest Remaining

$0.00

New Total Interest

$0.00

Total Savings from Refinance

$0.00

Break-even Point

N/A

When to Refinance

Lower rates: If current rates are significantly lower than your original rate, refinancing can save substantial money

Better credit: Improved credit score can qualify you for better rates and terms

Shorter term: Refinancing to a shorter term saves interest but increases monthly payments

Break-even: Stay in your home past the break-even point to realize full savings