Free · Finance · Mortgages & Home

Refinance Calculator

Compare an existing mortgage with a proposed refinance, including closing costs and break-even month.

  • Checked formula
  • Private in your browser
  • No signup
Calculator inputs

Enter your values

Result

Your calculation

Monthly payment change
US$183.36
Monthly savings
Break-even time
33 months
Current / new payment
US$2,025.62 / US$1,842.26
Lifetime interest and cost difference
US$49,007.70

How to use this calculator

  1. Enter the amount, rate, timing, and fees that apply to your scenario.
  2. Calculate to compare the periodic result with total cost or growth.
  3. Change one assumption at a time and confirm current rates or rules before deciding.

Use the result with context

Results are estimates for planning and education. Confirm rates, taxes, fees, and legal requirements with the relevant institution or a qualified professional before making a financial decision.