Refinance Calculator
Compare your current mortgage with new loan terms to see how much you could save each month and over the life of your loan.
Current Mortgage
New Refinance Options
Monthly Potential Savings
$0
Keep more money in your pocket every single month.
Lifetime Interest Saved
$223,779
Total savings over the 15-year term.
New Total Balance
$345,000
Remaining principal.
Breakeven Analysis
-Months
Your new loan does not offer monthly savings to offset closing costs.
Side-by-Side Comparison
| Description | Current Loan | New Refinance |
|---|---|---|
| Monthly P&I Payment | $2,329 | $2,639 |
| Total Interest Paid | $353,839 | $130,061 |
| Interest Rate | 6.50% | 4.50% |
| Loan Term | 25 Years | 15 Years |