🔄 Mortgage Refinance Calculator
Calculate potential savings from refinancing your mortgage, including break-even analysis and new payment comparisons
🏠 Mortgage Calculator
Calculate your monthly mortgage payment including principal, interest, taxes, and insurance
🏠 Mortgage Tips
- • A 20% down payment helps you avoid PMI
- • Consider 15-year loans for lower total interest costs
- • Shop around with multiple lenders for the best rates
- • Factor in closing costs (typically 2-5% of loan amount)
- • Get pre-approved to strengthen your offer
- • Consider property taxes and insurance in your budget
How to Use
1. Enter your current mortgage details (balance, rate, remaining term)
2. Input the new loan terms (rate, term, closing costs)
3. Compare monthly payment differences
4. Calculate break-even point in months
5. Review total interest savings over loan life
6. Analyze cash-out refinance options if applicable
Features
✓ Current vs new payment comparison
✓ Break-even analysis with closing costs
✓ Total interest savings calculation
✓ Monthly and lifetime savings breakdown
✓ Cash-out refinance calculations
✓ Refinance recommendation analysis