Mortgage Refinance Calculator
These tools are to be used for illustration purposes only, and we do not save the information you enter into them. Likewise, we do not make any guarantees as to the accuracy of the results when you use these tools.
Should I refinance my mortgage?
Over the last couple of years with interest rates at a 40-year low, many people refinanced their mortgages. Depending on how many months the ongoing payment savings will take to cover your upfront closing costs, refinancing may make sense for you. Use our refinance calculator to analyze your situation today!
In addition to a monthly payment breakeven, you may want to analyze the breakeven based strictly on the monthly interest savings realized through refinancing.