Refinance Calculator

See whether a refinance pays off before you plan to move.

Estimates only, for educational purposes. Not a loan offer or financial advice.

How it works

Your break-even point is closing costs divided by monthly savings. If you expect to sell or refinance again before then, refinancing probably will not pay off. Also watch the lifetime interest line: resetting to a new 30-year term can lower your payment while increasing total interest. Read our refinancing guide.

More tools: Mortgage Calculator · Affordability Calculator · Rent vs. Buy Calculator