Refinance Calculator

Compare your current loan against a refinanced loan at a lower rate. Enter both loans' amount, rate and term, plus any closing costs, to see the monthly saving, lifetime interest saved and how long until you break even.

Tool Features

• Compare current vs new monthly payment
• Show total interest saved over the term
• Compute break-even months on closing costs
• Works for mortgage, auto and personal loans
• No registration or software installation

Common Usage

• Decide if a lower rate is worth the fees
• See when refinancing pays for itself
• Model a shorter term at a similar payment
• Check a cash-out refinance trade-off