All calculatorsImproving a mortgage

Refinance Calculator

Compare payment savings, break-even timing, and total interest before deciding whether a refinance is worth pursuing.

Adjust your numbers

Your refinance scenario

Type exact values. Your result updates instantly—no application or credit pull.

Current loan

What you have today

$
%
years
$

Principal-and-interest payment is estimated automatically. If you enter the statement amount, exclude taxes, insurance, HOA dues, and mortgage insurance.

New loan to compare

The offer or rate you want to test

%
$

Your comparison

Updates instantly

Estimated new principal & interest

$1,896/mo

$300,000 at 6.500% for 30 years

Monthly change

+$321

lower monthly payment

Break-even

1 yr 1 mo

to recover costs

Estimated added lifetime cost: $21,541 · includes $4,000 closing costs

Payment comparison

Current Payment$2,217
New Payment$1,896
See lifetime cost details
Current total remaining$665,092
New total loan cost$686,633
Closing costs$4,000
Break-even point1 yr 1 mo

Personalized target ready

Get a live refinance quote

Use this lower-rate target to request current pricing and a reviewed refinance option based on your numbers.

Your target accounts for your estimated credit range and stays below your current 7.500% rate.

Target below your current rate

7.375% or lower

Calculator results are estimates for planning, not a loan approval, commitment, rate lock, or Loan Estimate.