Refinance Calculator

Find out if a refinance can save you money.

This calculator will help you to decide if you should refinance your current mortgage at a lower interest rate and allows you to compare up to three different refinance options. Not only will this calculator project the monthly payment and monthly savings, but it also will calculate how many months it will take to break even on the closing costs.

Because refinancing usually has upfront fees, you may not save money right away. This load calculator will help you determine how soon you will break even and start saving money. These estimates are based on typical mortgage terms and closing costs, and may vary from your actual costs.


Loan Balance
Interest Rate
Remaining Payments
Property Value
New Loan Term
New Loan Amount
New Interest Rate
  • Cost to Obtain New Mortgage
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  • Current Monthly Payment
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  • Refinance Payment
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  • Difference Between Current and New Payment
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  • Months to Break Even
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Notes: None of the financial information entered in this calculation is retained, giving you the confidence of complete privacy. We provide baseline assumptions that we encourage you to tailor to your personal situation.

* Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.