Refinance calculator

Compare a new principal-and-interest payment with your current payment.

Loan balance ($) Current monthly principal and interest ($) Example new annual rate (%) New amortization period 30 years40 years20 years15 years10 years Closing costs paid upfront ($)

Calculate

Illustrative inputs. Change every amount to fit your own scenario; interest rates are examples, not current quotes or loan offers.

The simple break-even estimate compares upfront closing costs with monthly payment savings. It does not determine lifetime interest savings; extending a loan term can change the overall cost.

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