Refinance Calculator
Compare your current loan with a refinanced option to maximize savings
Current Loan Details
USD
%
Years
USD
New Loan Details
USD
%
USD
Loan Comparison
See how much you could save by refinancing your loan
Current Loan
$1,690
Monthly Payment
$125,000
Total Interest
$375,000
Total Cost
New Loan
$1,267
Monthly Payment
$82,500
Total Interest
$332,500
Total Cost
Your Savings
$423
Monthly Savings
$42,500
Interest Savings
5 months
Breakeven Point
Detailed Savings Analysis
Monthly Payment Reduction
$423
Total Interest Savings
$42,500
Closing Costs
$5,000
Breakeven Period
5 months
Net Savings Over Loan Term
$37,500
Cost Breakdown Comparison
Principal
Interest