All Calculators
Refinance Savings Calculator
See how much you could save by refinancing to a lower rate.
Your Current Loan
$400,000
$100k$2M
$300,000
$50k$400,000
7%
3%12%
25 yrs
5 yrs30 yrs
New Loan Terms
6%
3%10%
$5,000
$0$20k
1.5%
0.5%3%
0.5%
0.2%1%
+$321.69
Monthly Savings
New Monthly Payment
$2,465.32
Principal & Interest$1,798.65
Monthly Taxes$500.00
Monthly Insurance$166.67
Break-even Point16 months
Total Savings (30 yrs)$110,807
Lower payment Quick break-even
*Refinance calculator is for educational purposes only. Actual rates and savings may vary based on credit score, loan-to-value ratio, and other factors. Contact us for a personalized quote.
When to Refinance
Consider refinancing when rates drop 0.5-1% below your current rate.
Break-Even Point
Plan to stay in your home longer than the break-even period to benefit.
Credit Score Matters
A higher credit score can help you qualify for more competitive rates.