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Refinance Calculator 🔄

Determine if refinancing your mortgage is worthwhile with break-even and savings analysis.

Inputs
Adjust the values below to calculate your results
Remaining Balance: Current vs. Refinanced
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Results
Your calculated results based on the inputs provided

Current Monthly Payment

$1,766.95

New Monthly Payment

$1,419.47

Monthly Savings

$347.48

Break-Even Period

15.00 months (1.3 years)

Closing costs: $5,000.00

Total Interest Saved

$19,074.30

Current: $280,084.40 → New: $261,010.10