Mortgage Refinance
See if you should refinance your mortgage
Refinance Calculator
Compare and save on your mortgage
Current Loan
$
New Loan
30 yrs
$
Costs & Fees
$
Total Upfront Cost
$5,000
Remaining Balance Comparison
Current Loan
New Loan
Estimated Monthly Saving
$597
Old Payment
$1,864
New Payment
$1,267
Break-even Point9 months
Total Interest Savings-$13,673
Refinancing will pay for itself in 0.7 years.
Loan Overview
Original Remaining$250,000
New Total Loan$250,000
Total Payments (Old)$447,344
Total Payments (New)$461,017
Break-even
Months until monthly savings recoup upfront costs.
Points
Buy down your rate with upfront cash.
Cash Out
Extract equity for home improvements or debt.
PITI
Principal, Interest, Taxes, and Insurance.