Mortgage Refinance Calculator
Should you refinance? Calculate new payment, monthly savings, break-even point, and total interest savings over the life of the loan.
New Monthly Payment
$1,419.47
Monthly Savings
$160.53
Break-Even Month
Month 32
2.7 years
Total Interest Savings
-$37,010.10
Total Cost Comparison
| Keep Current Loan | |
| Remaining Payments | $474,000.00 |
| Total Interest | $224,000.00 |
| Refinance | |
| Total Payments | $511,010.10 |
| Closing Costs | $5,000.00 |
| Total Cost (incl. closing) | $516,010.10 |
| Total Interest | $261,010.10 |
| Additional Cost from Refinance | $42,010.10 |
Use the Mortgage Refinance Calculator above to calculate your results. Enter your values and see instant results — all calculations run in your browser.
Disclaimer: This calculator is for informational purposes only and does not constitute tax, financial, or legal advice. Results are estimates based on the information you provide and current rates. Always consult a qualified tax professional or financial advisor for advice specific to your situation.
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