CalcHub
Mortgage Refinance Calculator
Compare current and new payments, total interest, and break-even time including closing costs.
Currency
Current loan balance
Current interest rate (APR %)
Remaining term (years)
New interest rate (APR %)
New term (years)
Closing costs (optional)
Enter current and new loan terms to compare.
Estimates only. Confirm exact costs with your lender.
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Frequently Asked Questions
How is break-even calculated?
We divide closing costs by monthly savings.
If savings are negative, break-even is not applicable.
Why might total savings be negative?
What about taxes and escrow?