Back to all calculators

Refinance Comparison Calculator

FREE

See if refinancing your mortgage makes financial sense

Real Estate & Major Purchases

Inputs

Enter your information

How It Works

1Enter your current mortgage details (balance, rate, payment, years remaining)
2Input the new refinance terms (rate, term, closing costs)
3Calculator shows monthly savings and break-even point
4See lifetime interest savings and total cost comparison
5Optional: Include cash-out amount if doing cash-out refinance

Assumptions

•Current monthly payment includes principal and interest only
•Closing costs are added to new loan amount
•Break-even point = when cumulative savings equal closing costs
•Assumes you keep the home for the full loan term
•Does not include property tax, insurance, or PMI changes

⚡Pro Features

✓Upload mortgage statement - AI auto-fills current loan details
✓Upload loan estimate - AI extracts all refinance terms and fees
✓Ask AI Copilot: "Should I pay points to get a lower rate?"
+5 more

Results

Fill in the inputs to see your results

Enter your data to calculate

How This Calculator Works

1Enter your current mortgage details (balance, rate, payment, years remaining)
2Input the new refinance terms (rate, term, closing costs)
3Calculator shows monthly savings and break-even point
4See lifetime interest savings and total cost comparison
5Optional: Include cash-out amount if doing cash-out refinance

⚡Unlock Pro Features

✓Upload mortgage statement - AI auto-fills current loan details
✓Upload loan estimate - AI extracts all refinance terms and fees
✓Ask AI Copilot: "Should I pay points to get a lower rate?"
✓Compare multiple refinance scenarios side-by-side
✓Factor in prepayment plans (pay extra principal monthly)
✓Include PMI removal analysis if applicable
✓Calculate after-tax savings with mortgage interest deduction
✓Export comparison report for spouse or financial advisor

AI Curbside

Hi! I'm your AI financial advisor for physicians. Loading your personalized dashboard...

Powered by CopilotKit