Mortgage Refinance Savings Calculator

Should I Refinance? Calculator

How much interest can you save if you refinance your mortgage? Enter your current mortgage terms, along with your current appraised value, new loan term, rate and closing costs. This will provide an estimate of how much interest you could save by refinancing. In addition, see the projected number of months to break even on closing costs with your reduced monthly payment. Click the "View Report" button for a detailed look at the results.

These calculators are made available to you as informational and educational tools for your independent use and are not intended to provide financial or investment advice. These calculators are not offers, representations or warranties and do not describe any particular products or services. Results depend on many factors, including the information you provide and we do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. You should not take any action on the basis of the information provided through these calculators. These calculators are not investment, legal, accounting or tax advice. Please consult with your financial, investment, tax and/or legal advisors for advice regarding your personal circumstances.