Refinance Calculator
See how much you could save by refinancing your mortgage. Compare your current loan to a new one and find your break-even point.
Current Loan
$
%
yr
New Loan
%
2.0% of loan
$
Cost: 0 US$
Refinance Summary
Current Payment
2120,34 US$
/month
New Payment
1703,37 US$
/month
Monthly Savings
+416,97 US$
Break-Even Point
1 year, 2 months
15 months to recoup 6000 US$ in closing costs
Total Interest
Current Remaining336.101 US$
New Full Term313.212 US$
Closing Costs6000 US$
Total Cost Comparison
Current Loan636.101 US$
New Loan619.212 US$
Lifetime Savings+16.889 US$
Cost Over Time
5 Years
Current
127.220 US$
New
108.202 US$
10 Years
Current
254.441 US$
New
210.404 US$
Full Term (30yr)
Current
636.101 US$
New
619.212 US$
CurrentNew
Estimates are for informational purposes only. Actual rates, payments, and qualification requirements vary by lender, credit profile, and market conditions. Consult a licensed mortgage professional for accurate figures.