Refinance Calculator

See if refinancing makes sense for you. Calculate your new payment, savings, and break-even point.
Learn: When Does Refinancing Make Sense?
What is Refinancing?
Refinancing means replacing your current mortgage with a new one, typically to get a lower interest rate, lower monthly payment, or different loan term. You pay closing costs upfront but can save money over time.
Break-Even = Closing Costs ÷ Monthly Savings
When Should You Refinance?
Refinancing typically makes sense when:
  • You can lower your rate by 0.5-1%+
  • You'll stay in the home past the break-even point
  • You want to switch from ARM to fixed rate
  • You need to remove PMI or access equity
Key Considerations
2-3%Typical Closing Costs
18-36 moGood Break-Even
0.5%+Min Rate Drop
80%LTV for Best Rates
Current Loan Details
Current Loan Program
Conventional
Current Home Value
Current Loan Balance
Current Interest Rate (%)
%
Current Monthly Payment
Leave blank to calculate from rate & term
Remaining Term (Years)
New Loan Terms
New Loan Program
Conventional
New Interest Rate (%)
%
New Loan Term
30 Years
Estimated Closing Costs
Typically 2-3% of loan amount
Refinance Impact
Enter your current loan balance and either monthly payment or interest rate to see results

This is one property. Imagine seeing this for your entire portfolio.

  • See all your properties in one dashboard
  • Compare refinance scenarios across multiple assets
  • Get AI-powered recommendations on when to refinance