Refinance Calculator

Calculate your potential refinance savings

Current Loan

$
$50k$1.5M
7.500%
2%10%
25 years
1 yr30 yr
$

Leave blank to auto-calculate, or enter your actual payment

New Loan

6.500%
2%10%
$
$0$15k
New Monthly Payment

$1,896

$300,000 at 6.500% for 30 years

Monthly Savings

+$321

Break-Even

1 yr 1 mo

Total Savings Over Loan Life

-$21,541

Including $4,000 in closing costs

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

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