Enter your current loan, a possible new rate and the cost to refinance. You will see the monthly change, the months it takes to break even, and the total interest on both loans.
Home Tools
Refinance Break-Even Calculator
See how much a refinance could save each month, how long it takes to earn back the costs, and what it does to your total interest.
Want this as a personal plan?
Send this estimate to Rudy and he will follow up with a personalized version, no pressure.
Talk to a lender. Rates, loan programs and approvals come from lenders, not from websites or real estate agents. Talk to your own mortgage broker, or use our preferred lender, Rodrigo Ballon with CrossCountry Mortgage, at 858-735-0255. You are always free to choose any lender you like, and you can verify any lender’s license at nmlsconsumeraccess.org.
A simplified planning model. It does not include cash-out, mortgage insurance or tax effects. Nothing here is a loan offer, a rate quote, tax or legal advice. Rates shown come from public data and change often.
More tools
- Mortgage Payment Calculator — See your real monthly payment: principal, interest, taxes, insurance and HOA in one number.
- How Much Home Can I Afford? — A quick, friendly estimate of the price range that fits your income, debts and savings.
- Rent vs. Buy Calculator — Compare the long-run cost of owning with renting the same kind of home, with your own assumptions.
- Buyer Closing Cost Estimator — Plan your cash to close: realistic low and high ranges for lender fees, title and escrow, inspections, and prepaid taxes and insurance.
- Seller Net Proceeds Estimator — Estimate what you would take home from a sale, and how it changes if the price moves.
- California Property Tax Estimator — Estimate the first-year property tax on a purchase, including Mello-Roos, and how the bill can change over the next ten years.
- Moving Cost Planner — Budget the whole move: movers, packing, storage, temporary housing, deposits and the months you pay for two homes.