Refinance Calculator

See your monthly savings, break-even point, and long-term cost comparison.

Your Current Loan

Current Loan Balance

Current Interest Rate

Remaining Term

yrs

New Interest Rate

New Loan Term

Estimated Closing Costs

Estimated Monthly Savings

$345.17

/month by refinancing

Current P&I Payment$2,069.18

New P&I Payment$1,724.01

Monthly Savings$345.17

Closing Costs$4,500

Break-Even Point14 mo (1.2 yrs)

Total Cost (Current Path)$620,753

Total Cost (After Refi)$625,143

Long-Term Cost$4,390

You'd recoup your closing costs in 14 months and save $4,390 over the life of the loan.