Refinance planning
See whether a refinance may lower your payment or make sense after closing costs.
Refinance planning
Compare your current payment with a new estimated payment and closing cost break-even.
This is an estimate only and not a loan approval or commitment to lend.
Submit Your Loan ScenarioEnter your current loan balance, current payment, new rate, new term, estimated closing costs, and lender credit.
The calculator estimates a new principal-and-interest payment and compares it with your current monthly payment.
Break-even is estimated by dividing net closing cost by monthly savings. Cash-out refinances, escrow changes, and tax effects require a personalized review.
Break-even is the estimated time needed for monthly savings to recover the net closing cost.
Not fully. This page focuses on rate/payment savings. Cash-out scenarios should be reviewed with a loan officer.
Not always. Consider closing costs, how long you will keep the loan, loan term reset, cash-out needs, and your broader financial plan.
