Refinance Calculator
Should you refinance? Compare monthly payments, see how long to break even on closing costs, and calculate lifetime savings.
Current Mortgage
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%
years
$
New Mortgage
%
years
$
$
Additional cash to borrow
Refinance Analysis
Current Payment
$1,902.90
New Payment
$1,678.74
Monthly Savings
$224.16
Break-Even
23 mo
New Loan Amount$280,000
Loan-to-Value (LTV)70.0%
Current Remaining Interest$359,376
New Total Interest$324,347
Lifetime Savings (incl. closing costs)$30,029
Want the full buying picture?
See how refinancing affects your full monthly budget and cash position.
The Real Cost to Buy Workbook adds monthly burn, Conservative / Target / Stretch offers, seller proceeds, renovation risk, debt, paycheck planning, and a blunt offer verdict.
View the workbook · $29