When does refinancing make sense?

Refinancing can make sense when the new rate is enough lower to cover closing costs before you sell or pay off the loan. Use this calculator to find your break-even point.

What are refinance closing costs?

Closing costs include appraisal, title, and lender fees. They can be 2–5% of the loan amount. This calculator uses your estimate to show break-even and net savings.

Should I shorten the term when I refinance?

Refinancing to a shorter term (e.g. 30 to 15 years) usually increases monthly payment but reduces total interest. Use this calculator to compare same term vs shorter term.

Refinance Calculator

Compare your current loan with a new rate. See monthly savings and total interest saved. Free and instant.

Use the Refinance Calculator below.

Compare your current mortgage with a refinance offer. Enter your current loan balance, rate, and remaining term, then enter the new rate and term. The calculator shows your current EMI vs new EMI, monthly savings, and total interest saved. Use it to decide if refinancing makes sense for you.

So nutzen Sie Refinance Calculator

Enter current loan
Input current balance, rate, and remaining term.
Enter new loan
Input new rate, term, and closing costs.
View comparison
See monthly savings, break-even, and total cost comparison.

Funktionen

Instant results — no waiting or signup.
Free to use — no hidden fees.
No login or account required.
Works on all devices — desktop, tablet, and mobile.
Your data stays private — we do not store your inputs.

Warum diesen Rechner nutzen

Plan your finances with accurate estimates.
Compare scenarios in seconds.
Make informed decisions before you borrow or invest.

Unterstützte Browser und Geräte

All modern browsers (Chrome, Firefox, Safari, Edge).
Mobile-friendly — use on phone or tablet.
No app download — runs in your browser.

Häufig gestellte Fragen

Vollständige Anleitung zu Refinance Calculator

What is a refinance calculator?

A refinance calculator helps you decide whether refinancing your loan (e.g. mortgage or auto) makes sense. Enter your current loan balance, remaining term, current rate, and the new rate and term you are offered. The calculator compares your current payment and total interest with the new scenario and can show break-even (how long until savings cover closing costs).

When refinancing makes sense

New rate is at least 0.5–1% lower than your current rate (after fees).
You plan to stay in the home or keep the loan long enough to pass the break-even point.
You want to shorten the term (e.g. 30 to 15 years) and can afford the higher payment.
You want to tap equity (cash-out refinance) for a specific need; compare cost vs alternatives.

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