Refinance savings calculator.
Whether a refinance makes sense comes down to two numbers: what you save each month, and how long it takes those savings to pay back the closing costs.
Estimates for planning only, principal and interest, before taxes and insurance. Not an offer or quote. See our disclosures.
The honest part most calculators skip
A lower monthly payment is not automatically a win. If you swap a loan with 26 years left for a fresh 30-year term, you may pay more total interest even at a lower rate. That is what the lifetime interest line is for: it can be negative even when monthly savings look great.
The break-even line tells you the other half: if closing costs take 40 months to recover and you plan to move in 24, the refinance costs you money no matter how good the rate sounds.
See what lenders would actually offer.
Two minutes puts your refinance scenario in front of lenders who compete for it.
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