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Refinance Calculator
Calculate monthly savings, break-even point, and total interest saved by refinancing your mortgage.
Current Monthly Payment
$2,216.97
New Monthly Payment
$1,896.20
Monthly Savings
$320.77
Break-Even Point
19 months
Total Interest Saved
$-17,541.41
Typical closing costs: 2–5% of loan amount. Break-even = closing costs ÷ monthly savings.
Typical closing costs: 2–5% of loan amount. Break-even = closing costs ÷ monthly savings.