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
Est. Monthly Escrow (Taxes + Insurance)
Auto-estimated from your payment or home value. Edit if you know your actual 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