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Refinance Calculator

Could refinancing lower your payment?

Compare your current payment to a new rate and term to estimate your monthly savings and break-even point. An estimate, not a rate quote.

$320,000

What you still owe on your mortgage today. Your latest statement shows this.

$2,400/mo

Enter only the principal and interest portion. Leave out taxes and insurance so we can compare like with like.

5.75%

The rate you might refinance into. An estimate is fine. We'll confirm your real rate later.

30 years
$6,000

One-time fees to set up the new loan, often $4,000–$8,000. We'll use these to find your break-even point.

Estimated monthly savings

$533

New principal & interest
$1,867/mo
Break-even point
12 months

A simplified estimate comparing principal & interest only. Your actual savings depend on your current balance, rate, term, and closing costs.

Learn about refinancing