Mortgage Refinance Calculator
Is refinancing worth it? See your new payment, monthly savings and the break-even month where closing costs pay for themselves.
Break-Even Point
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Current Monthly Payment$0
New Monthly Payment$0
Monthly Savings$0
Remaining Interest — Current Loan$0
Total Interest — New Loan (+ costs)$0
Lifetime Verdict—
Rules of thumb: refinancing usually makes sense if the new rate is at least 0.75-1% lower AND you'll stay past the break-even month. Watch the term trap — resetting a 25-year-old loan back to 30 years can lower the payment yet raise lifetime interest; the lifetime verdict row catches this. Consider a no-cost refi (slightly higher rate, zero fees) if you may move soon. Estimates only.