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Refinance calculator
Compare the mortgage you have with a proposed refinance
Put both complete payments, cash out, closing costs, and the recovery timeline on the same page. A smaller payment is not automatically a lower-cost loan.
Compare the proposed refinance with the mortgage you have.
Review both complete payments, the proposed loan amount, cash out, closing costs, and the time needed to recover upfront costs.
Estimated monthly difference
$265- Current complete payment
- $2,863
- Proposed complete payment
- $2,597
- Proposed loan amount
- $300,000
- Cash-out amount
- $0
- Closing costs paid at closing
- $6,000
- Cost recovery point
- 23 months