Refinance Savings Calculator — Is Refinancing Worth It?
Calculate your monthly savings, break-even point, and total savings from refinancing your mortgage.
The differential is $118 between these options.
Small rate or term differences compound. Don't leave the gap on the table.
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Coach Insight
Refinancing saves money only if you stay in the home long enough to recoup closing costs. A $3,000 savings in closing costs with a $150/month payment reduction takes 20 months to break even. This calculator finds your exact number.
Frequently Asked Questions
Everything you need to know.
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Why This Matters
Refinancing saves money only if you stay in the home long enough to recoup closing costs. A $3,000 savings in closing costs with a $150/month payment reduction takes 20 months to break even. This calculator finds your exact number.
How to Use It
- 1Enter your current loan balance, rate, and remaining term
- 2Enter the new rate, closing costs, and new term
- 3See monthly savings and break-even point in months
- 4See total lifetime savings if you keep the loan full term
Find the best account for this goal
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