Calculate Your Savings
Refinance Savings Calculator
See how much you could save by refinancing your mortgage with a lower interest rate.
Current Loan Details
$
%
New Loan Details
%
$
Refinancing is Recommended
You'll save money and break even within 3 years.
Your Monthly Savings
$215
per month
Payment Comparison
Current Monthly Payment$1,748
New Monthly Payment$1,533
Interest Savings Over Life of Loan
New Loan Amount:$242,536
Current Total Interest:$323,828
New Total Interest:$309,341
Total Interest Saved:$14,487
Break-Even Analysis
Break-Even Point:1.9 years (23 months)
Total Savings After Break-Even:$64,675