Refinance Calculator
Calculate your refinance savings, break-even point, and new monthly payments. Determine if refinancing makes financial sense for your situation.
Refinance Calculator
Estimate your refinance savings, break-even point, and new monthly payments
The full refinance calculator is available on our main calculator page
Go to Main CalculatorWhen to Refinance
- Lower Rate: Reduce interest rate by 0.5%+
- Shorten Term: Pay off loan faster
- Lower Payment: Improve cash flow
- ARM to Fixed: Lock in low rate
Refinance Costs
- Origination fees: 0.5-1%
- Appraisal: $300-500
- Closing costs: 2-5%
- Total: $2,000-$6,000
Break-Even Analysis
Understanding when refinancing pays off
Calculate Break-Even Point
The break-even point is when your savings equal your closing costs
Formula: Closing Costs ÷ Monthly SavingsExample Break-Even
If closing costs are $4,000 and you save $200/month, your break-even is 20 months
Break-Even: 20 monthsCalculate Your Refinance Savings
Use our mortgage calculator to estimate your refinance savings and determine if refinancing makes sense.
Start Calculating