🔄 Free Tool
Refinance Calculator
Find out if refinancing your mortgage saves money — break-even analysis, monthly savings, and cumulative savings chart included.
Current Loan
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New Loan
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Refinance FAQ
How do I know if refinancing is worth it?
Calculate your break-even point — divide closing costs by monthly savings. If you'll stay in the home longer than the break-even period, refinancing is worth it. Our calculator does this automatically.
What are typical refinance closing costs?
Refinance closing costs typically run 2–5% of the loan amount, covering lender fees, appraisal ($400–$600), title insurance, and other charges. Some lenders offer no-closing-cost refinances, but these roll the costs into a higher rate or loan balance.
Monthly Savings
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Break-even in — months