Monthly savings · Break-even · Total interest · Cash-out
The analyzer compares your current remaining loan costs against the cost of a new loan. Monthly savings are the difference in principal & interest payments. The break-even point is how long it takes to recoup closing costs through monthly savings — refinancing only makes financial sense if you plan to stay in the home past that point. Lifetime interest savings compare the total interest you'd pay on your current loan versus the new one. Closing costs are assumed to be rolled into the new loan balance unless you specify otherwise. This is an estimate only — actual rates and costs vary by lender and market conditions. Compare lenders in our directory.