Refinance Calculator

See how much you can save by refinancing your mortgage, auto, or student loan.

🏦

Current Loan

What you have now

Remaining Balance

Current Interest Rate

Months Remaining

years

Current Monthly Payment$2,364.77

✨

New Loan

Proposed refinance

New Interest Rate

New Term

years

Closing Costs

Roll closing costs into new loan

New Monthly Payment$1,918.56

💰 You Save Monthly

$446.21

Break-even in 11 monthsRate drop 1.50%Lifetime savings $14,249

Monthly Savings

+ $446.21

Break-Even

11 months

Lifetime Savings

$14,249

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Side-by-Side Comparison

Metric	Current	New
Interest Rate	7.50%	6.00%
Loan Balance	$320,000	$320,000
Monthly Payment	$2,364.77	$1,918.56
Total Interest	$389,432	$375,182
Total Paid	$709,432	$695,182

About this calculator

Find out if refinancing makes financial sense. Our refinance calculator compares your current loan against a new loan — showing monthly payment savings, break-even point (how many months until closing costs are recovered), and lifetime interest savings. Works for mortgages, auto loans, student loans, and personal loans. Built for US borrowers considering a rate-and-term refinance or cash-out refinance.

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