Home & Property
Refinance Calculator
Compare your current mortgage to a new rate. We'll show the monthly saving, lifetime interest saved, and how long it takes to recoup the closing costs.
Your numbers
$
7.5%
6%
yrs
$
Statement
Monthly saving
$363.55
break even in 1 yr 2 mos
- Current payment
- $2,162.20
- New payment
- $1,798.65
- Lifetime interest, current
- $400,553
- Lifetime interest, new
- $347,515
- Interest difference
- $53,039
You recoup the $5,000 in closing costs after about 1 yr 2 mos of saving — refinance worth it if you'll stay longer than that.
Monthly saving$363.55
Estimates only — not financial advice. They produce estimates based on the figures you enter and do not account for every fee, tax or change in rate.
Frequently asked questions
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