Refinance Savings Calculator
Calculate potential savings from refinancing your mortgage and see if it makes financial sense.
Current Loan Information
Enter details about your existing mortgage
New Loan Information
Enter details for the refinanced loan
Consider Waiting
$0
Monthly Savings
Current Payment$0
New Payment$0
Break-Even Point0 months
Interest Savings Analysis
Current Total Interest$0
New Total Interest$0
Interest Savings$0
Loan Details
New Loan Amount$0
Loan-to-Value Ratio0.0%
Closing Costs$5,000
Should You Refinance?
Good Reasons to Refinance
- • Interest rates have dropped significantly
- • You want to switch from ARM to fixed-rate
- • You need cash for home improvements
- • You want to remove PMI
- • You want to shorten your loan term
Consider Waiting If
- • Break-even point is more than 5 years
- • You plan to move soon
- • Your credit score has declined
- • Closing costs are very high
- • Rate difference is less than 0.5%