Refinance Calculator

Planning estimate only; not a loan offer, approval, or rate quote. P&I savings compare only principal and interest, and exclude changes in mortgage insurance, taxes, HOA, and other costs. Simple break-even is calculated only when costs are paid at closing and assumes the current and new payments continue throughout the shorter comparison period; it ignores loan balances and the time value of money. When costs are financed, the new balance and P&I include them, and break-even is not calculated. Remaining P&I totals use the entered current payment and remaining payment count; make sure these inputs match your loan. Totals compare different terms, assume level payments, and exclude escrow, insurance, prepayments, tax effects, and a sale or refinance. Loan fees, payoff amounts, and eligibility require lender review.