Money & Planning

Mortgage Refinance Calculator

Compare your current mortgage with refinancing, including monthly savings, closing costs, break-even time, total interest, and payoff dates.

Last updated: August 2026

CurrencyCurrent balanceCurrent interest rate%Remaining term yearsNew interest rate%New loan term yearsClosing costs%Cash-out amount

Refinancing could reduce your principal-and-interest payment by about $14.09 per month.

Current monthly payment$2,120.34

Refinance monthly payment$2,106.25

Monthly difference$14.09

New loan amount$300,000.00

Remaining current term25 years

New payoff term20 years

This is a mathematical planning estimate, not a loan offer or refinance recommendation.