Refinance Savings Calculator

See how much you could save by refinancing your mortgage at a lower interest rate.

Current Loan

Current Loan Balance

Current Interest Rate

New Interest Rate

Remaining Term (years)

Estimated Closing Costs

$284 saved per month

Current Payment $2,217/mo

New Payment $1,933/mo

Monthly Savings $284

Annual Savings $3,409

Closing Costs $5,000

Breakeven Point 18 months

Current Total Cost $665,092

New Total Cost (incl. closing) $584,871

Lifetime Savings $80,221

See how much you could save with today's refinance rates

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