Refinance Interest Savings Calculator
How much interest can you save if you refinance your mortgage? This calculator helps you find out! Enter the specifics about your current mortgage, along with your current appraised value, new loan term, rate and closing costs. We will then determine how much interest refinancing can save you. In addition, we calculate the number of months it will take to breakeven on closing costs with your reduced monthly payment. Click the "View Report" button for a detailed look at the results.
Your actual rate, payment, and costs could be higher. Get an official Loan Estimate before choosing a loan.
This calculator is intended for informational purposes only and is not intended to provide today’s actual rates or terms.
Your actual results may vary.