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Refinance Benefit Calculator
See how much you could save by refinancing — monthly savings, total interest saved, and break-even point.
Current Loan
$
%
years
New Loan
%
$
Refinance verdict
✅ Refinancing makes sense
You break even in 1.3 years (15 months)
Monthly Payment
Current Payment
$2,069.18
7.5% · 25 yrs left
New Payment
$1,724.01
6.25% · 30 yrs
Monthly Savings
-$345.17/mo
Total Interest
Interest remaining (current loan)$340,753
Interest on new loan$340,643
Interest Saved-$110
Break-Even Analysis
Closing Costs$5,000
Monthly Savings-$345.17/mo
Break-Even Point1.3 years (15 months)
* This calculator provides estimates for informational purposes only. Actual savings may vary based on specific loan terms and other factors. Not a loan commitment or guarantee of any specific rate or terms.