United States
US refinance calculator
Compare your current mortgage to a new rate — new monthly payment, break-even on closing costs, and lifetime savings.
Refinance outcome
$266.00
Monthly savings
- New monthly payment
- $1,896.20
- Current payment
- $2,162.20
- Break-even point
- 1 yr 4 mos
- Lifetime savings (net of costs)
- $13,920
Refinancing lowers your payment by $266.00/mo. You recoup the $4,000 in closing costs after 1 yr 4 mos — worth it if you keep the home longer than that.
Open the new loan in the full calculator →If your new rate lands differently
Quoted rates move before you lock. Here is the same comparison at a few nearby rates — nothing here is a prediction.
| New rate | Monthly | Break-even |
|---|---|---|
| 6.00% | −$363.55 | 1 yr |
| 6.25% | −$315.05 | 1 yr 1 mo |
| 6.50%(quoted) | −$266.00 | 1 yr 4 mos |
| 6.75% | −$216.41 | 1 yr 7 mos |
| 7.00% | −$166.29 | 2 yrs 1 mo |
An estimate to help you plan — not financial advice or a loan offer. An estimate of principal & interest only — your actual savings depend on closing costs, loan type, and how long you stay. Not a lending offer.
Phase 1 preview of the new country-first structure — not yet indexed. The live site is running unchanged.