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Refinance Calculator

Monthly savings and break-even point of refinancing.

Your details

Current balance

$

Current rate

%

Years left

New rate

%

New term

years

Closing costs

$

Monthly savings

$294.05

Current payment

$2,018.05

New payment

$1,724.01

Break-even

21 months

Lifetime difference

$27,207

How it works

Break-even = closing costs ÷ monthly savings.

Frequently asked questions