Refinance Comparison

Compare the payment and true remaining cost of keeping your current loan versus replacing it with a new fixed-rate loan.

Refinance details

Compare a proposed replacement loan with both the required payment and your saved accelerated current-loan plan.

Remaining balance$

Current APR%

Remaining termyears

First payment month

Proposed refinance

New APR%

New termyears

Closing costs$

Finance costs

Add costs to the new balance

Estimated lifetime savings vs. your current plan

$129,841.56

A negative value means the refinance costs more than continuing your currently saved payoff plan.

Required payment savings

$10.37

Break-even estimate

579 months

New payoff

Aug 2051

Payoff timing vs. current plan

5y sooner

Side-by-side cost

Closing costs are included in the refinance total whether paid upfront or financed.

Current required plan

Required payment: $2,212.24
Total remaining cost: $796,404.05
Interest: $446,404.05
Payoff: Aug 2056

Refinance

Required payment: $2,201.87
Total remaining cost: $666,562.49
Interest: $310,562.49
Payoff: Aug 2051

Display currency: USD. Required-payment savings compares the two contractual payments. Upfront break-even is not shown when closing costs are financed because there is no initial cash outlay to recover. Tax effects, time value, and equity differences are excluded.