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Refinance calculator determines if refinancing saves money by comparing closing costs to interest savings over remaining loan life.

Guia passo a passo

  1. 1Input original loan, new loan terms, closing costs
  2. 2Calculate monthly savings
  3. 3Find breakeven month (savings > costs)

Exemplos resolvidos

Entrada
Refi $300k at 0.5% lower rate, $3000 costs
Resultado
Breakeven in ~24 months, refinance if staying longer
Popular above 1% savings

Erros comuns a evitar

  • Ignoring closing costs (significant)
  • Assuming you'll keep home long-term

Perguntas frequentes

Should I refinance?

If breakeven before selling/payoff and rate drops significantly (0.5%-1%+).

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