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Refinance Calculator
Should you refinance? Compare payments, costs and breakeven.
Enter your details
Results
Monthly Savings
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Breakeven (months)
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Current Payment
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New Payment
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How to use the Refinance Calculator
Enter your current loan, the new rate and term, and closing costs to see monthly savings and the breakeven point.
Frequently Asked Questions
Closing costs divided by monthly savings — how many months until refinancing pays for itself. Stay past breakeven and you come out ahead.
Refinancing often makes sense when the new rate is at least 0.75–1% lower and you'll stay past the breakeven point.