Refinance Calculator
Compare current mortgage vs refinance — payment change, interest savings, and break-even.
How to Use
- Enter current loan details and new loan terms.
- Break-even = closing costs / monthly savings.
Current & new
Comparison
Rule of thumb
Rate drop
≥ 0.75-1% rate reduction usually worth refinancing
Break-even
stay in the house longer than break-even to come out ahead
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