Mortgage Refinance Calculator
Estimate monthly payment and simple monthly savings from refinancing.
Enter your figures
Enter the values below to calculate your result.
Calculation Results
Based on the figures you entered.
How the Mortgage Refinance Calculator Works
Estimate monthly payment and simple monthly savings from refinancing.
Real estate calculations can vary by jurisdiction, financing terms, tax rules and reporting conventions. Use the definition appropriate to your situation.
How to use this calculator
What to enter
Enter or select the following as requested: Currency — Display Only; Current mortgage balance; Current annual rate (%); Remaining term (years); New annual rate (%); New term (years); Refinance closing costs. Follow the units, valid ranges, examples, and options displayed beside each field.
What the result means
Payment, interest, and repayment totals are estimates based on the values and assumptions entered. Actual lender terms, fees, rate changes, and payment dates may change the figures.
When to use it
Use this to compare borrowing or repayment scenarios. Treat the output as an estimate, not a lender quote.