Refinance Calculator
See if refinancing your mortgage makes financial sense
Current Loan
Current Monthly Payment
$1,847.48
New Loan
New Monthly Payment
$1,528.85
Monthly Savings
$318.63
You save
Break-Even Point
16 months
1 years 4 months
Lifetime Savings
$3,852.35
Over loan life
Should You Refinance?
✅ Refinancing could save you $318.63 per month
You'll recover your closing costs in 16 months
Factors to Consider:
- How long you plan to stay in the home
- Your credit score (affects rate eligibility)
- Cash-out refinance options
- Switching from ARM to fixed rate
- Removing PMI if you have 20% equity