Refinance Calculator
Calculate refinance savings with our free refinance calculator. This refinance calculator shows monthly savings and break-even point. Use this refinance calculator to determine if refinancing makes financial sense. Our refinance calculator includes all closing costs for accurate analysis.
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Current Loan
New Loan
Monthly Savings
$0
Lower monthly payment
Break-Even
0 months
Lifetime Savings
$0
Payment Comparison
Cost Analysis
Cumulative Savings Over Time
Total Cost Comparison
Understanding Your Refinance Calculator Results
A refinance calculator determines if refinancing saves money after closing costs. This refinance calculator shows monthly savings and break-even timeline. Use this refinance calculator to compare your current loan against new offers.
Key refinance calculator factors:
- Monthly Savings: Difference between current and new monthly payments
- Break-Even Point: Months to recoup closing costs through savings
- Closing Costs: Upfront fees including appraisal, title, and origination
- Points: Optional upfront payment to reduce interest rate
- Loan Term: Extending term lowers payments but increases total interest
Using this refinance calculator: Enter current loan details and new loan offer. The refinance calculator shows if you'll save money and how long it takes. This refinance calculator helps decide if refinancing makes sense based on how long you plan to stay in your home. Generally, refinance if the break-even is under 3-5 years according to this refinance calculator.
Disclaimer: This calculator is for educational and illustrative purposes only. Results are estimates and may not reflect actual outcomes. Investing Point does not guarantee the accuracy of these calculations and is not responsible for any decisions made based on this tool.
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