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Refinance calculator

The headline monthly saving is the least interesting number in a refinance. What matters is the break-even point against closing costs, and whether you will still hold the property when you reach it.

Free, no sign-up, nothing saved or sent anywhere — it all runs in your browser.

Refinance inputs
$
$

e.g. 312 if 26 years left

%
$

If checked, closing costs are financed (no out-of-pocket break-even).

New monthly P&I
$1,199.10
new loan: $200,000.00
Monthly savings
Healthy
$131.90
current P&I − new P&I
Break-even
2 yr 6 mo
months to recoup closing costs
Lifetime interest savings
Healthy
$15,540.00
vs. keeping current loan to term
Loan comparison
New loan amount$200,000.00
New total interest (life of loan)$231,676.00
Current total interest (if kept)$247,216.00