Free Tool
Should You Refinance? Find out instantly.
Monthly Savings
+$285.74
Lifetime Saved
+$102,866.11
Your Loan Details
$
$50k$1.5M
%
1%15%
%
1%15%
yrs
yrs
$
Refinancing looks beneficial
Save $285.74/mo · $102,866.11 lifetime
Monthly Payment
Current
$1,896.20
New
$1,610.46
You Save
$285.74
Lifetime Interest
Current Total
$382,633.47
New Total
$279,767.35
Lifetime Saved
$102,866.11
Break-Even Point
18months(1 yr 6 mo)
Estimates only. Does not include taxes, insurance, or PMI. Consult a licensed mortgage professional before making decisions.
FAQ
Common Refinancing Questions
Answers to the most common questions about mortgage refinancing, rates, and break-even math.