Considering refinancing your mortgage? Our smart Refinance Calculator helps you compare your current loan to a new one, factoring in interest rates, terms, closing costs, cash out, and more. Instantly see your new payment, total savings, break-even point, and whether refinancing is truly worth it for you.
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Our refinance calculator compares your current mortgage to a new loan to determine if refinancing makes financial sense. It factors in interest rates, terms, closing costs, cash-out options, and extra principal payments.
We build amortization schedules for both loans to track balance and interest over time. Monthly payments use the standard formula: PMT = P × [r(1+r)n] / [(1+r)n − 1], where P = principal, r = monthly rate, n = number of payments.