Should You Refinance?
Current loan
$
%
years
New (refinanced) loan
%
$
Typically 2–5% of the new loan amount.
years
Results update automatically as you type.
Monthly payment change
—
Enter your loan details to see savings
Closing-cost break-even
—
When monthly savings exceed closing costs
| Loan | Monthly P&I | Total interest |
|---|---|---|
| Current loan | — | — |
| New loan (after refi) | — | — |
| Lifetime difference (incl. closing) | — | — |
Estimates use principal & interest only. Taxes, insurance, PMI, and escrow are not included.
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Last reviewed: September 2026 · Methodology