Mortgage Refinance Calculator

See exactly how much you could save by refinancing your mortgage at today's rates.

Current Loan

Remaining Loan Balance$300,000

$50,000$2,000,000

Current Interest Rate6.750%

2.000%12.000%

Years Remaining25 yr

1 yr30 yr

New Loan

New Interest Rate5.500%

2.000%12.000%

New Loan Term30 yr

10 yr30 yr

Estimated Closing Costs$4,000

$0$20,000

Monthly Savings

$369

$4,432 per year

Payment Comparison

Current payment$2,073/mo

New payment$1,703/mo

Break-even point11 months

Lifetime savings$4,608

Rate Comparison

Current rate6.750%

New rate5.500%

Ready to lock in a lower rate?

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This calculator is for informational purposes only and does not constitute a loan offer. Actual rates, payments, and savings depend on your creditworthiness, loan terms, and current market conditions. Consult a licensed mortgage professional before making financial decisions.