Mortgage Refinance Calculator



How soon should I refinance a mortgage is a question asked by many people looking for home mortgage refinance options.The home mortgage refinance calculator is useful in deciding if refinancing at today's current mortgage rates is appropriate for you. For example the home mortgage refinance calculator will help you estimate how long it will take to break even on the closing cost, as well as how much you can save for the life of the loan.

Mortgage Refinance Calculator


Enter the principal balance of your mortgage:
Enter the amount of your monthly mortgage payment:
Enter your current interest rate:
Enter interest rate you will be refinancing at:
Enter the number of years you will be refinancing for:
Enter the closing costs for refinancing:

Results
How much your monthly payment will be if you refinance:
Monthly Savings:
Number of months to break even on closing costs:
How much interest you will pay under your current plan:
How much interest you will pay under your refinanced plan:
How much interest you will save if you refinance:
Refinancing Savings (interest savings less closing costs):