Refinance Calculator

This calculator is specially designed to calculate how much money you can save by refinancing your mortgage.

To use this calculator, input your current payment amount, current loan amount, proposed interest rate, proposed number of years remaining on the mortgage, mortgage closing costs, and any mortgage points you have. You can also save the results as a .pdf, making it easy to compare different rates.

Refinance Calculator

Proposed Mortgage

Loan Amount:
Interest Rate:
Number of Years:
Mortgage Closing Costs:
Mortgage Points:
New Monthly Payment:
Monthly Savings:
Total Closing Costs:
Months to Break Even:

By using this calculator you agree to terms and conditions. These calculators are designed to be informational and educational tools only, and when used alone, do not constitute investment or financial advice. We strongly recommend that you seek the advice of a financial services professional before making any type of investment or deciding on your financial matters. This model is provided as a rough approximation of future financial performance. The results presented by this calculator are hypothetical and may not reflect the actual growth of your own investments. We can't take into account potential lender fees, payoff schedule can be longer than in the estimation. Mycheckweb and its affiliates are not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Mycheckweb is not responsible for any human or mechanical errors or omissions.