Refinancing Calculator
Find out whether refinancing your mortgage makes financial sense — and how long it takes to break even.
Current Loan
$
25 yr
%
New Loan
%
$
Current Monthly Payment
$1,979/mo
New Monthly Payment
$1,719/mo
Monthly Savings
+$260
per month
Break-Even Point
20mo
≈ 1.7 years
Net Lifetime Savings
$72,861
saved after closing costs
Cumulative Interest Comparison
Total interest paid over time — new loan includes closing costs.
Total Interest (Current Loan)
$313,695
Total Interest (New Loan)
$235,833