Mortgage tool

Refinance Calculator

Compare your current mortgage with refinancing options. Calculate potential savings, see your new monthly payment, and determine how long it will take to break even on closing costs.

Current Loan Balance ($)

Current Interest Rate (%)

Years Remaining

New Interest Rate (%)

New Loan Term (years)

Closing Costs ($)

Enter valid values to compare refinancing options. All fields required except closing costs.

Learn More About Refinancing

Understand when and how to refinance your mortgage:

Beginner Guide

When Should You Refinance?

Learn the best times to refinance and what to consider

Q&A Post

What Is the Break-Even Point?

Understand how to calculate when refinancing pays off

Q&A Post

What Is Cash-Out Refinancing?

Learn about using home equity through refinancing