Mortgage Refinance Calculator

Current Mortgage
$
%
mo
New Loan Terms
%
mo
Closing Costs
$
Refinancing saves
$12k
Break-Even
25 mo
Current Payment
$2.0k/mo
New Payment
$1.7k/mo
Monthly Savings
$248/mo
Interest Saved
$18k
Break-even point
You'll recoup closing costs in 25 mo(7% of term)
● Closing costs paid: $6.0k● Pure savings: $77k

✓ After break-even, every month is profit.

Current Interest Rate
7.25%
New Interest Rate
6.25%
Remaining Term
324 mo
New Loan Term
360 mo
Current Payment
$2.0k
New Payment
$1.7k
Interest saved
$18k
Break-Even
25 mo
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