How does the refinance calculator work?

The refinance calculator compares your current mortgage with a new potential loan, estimating your new monthly payment, savings, and break-even point.

What information do I need to estimate refinance savings?

You’ll need your current loan balance, interest rate, remaining term, home value, and your potential new interest rate and term. Adding closing costs improves accuracy.

Will refinancing lower my monthly payment?

Yes, refinancing can lower your payment if your new rate is lower or you extend your loan term. The calculator shows how your monthly payment may change.

Does the refinance calculator include closing costs?

Yes, you can include estimated closing costs to see your break-even point and how long it takes to recoup the refinance expenses.

Is the refinance calculator accurate?

The calculator provides strong estimates based on entered data. Final numbers are confirmed during underwriting after verifying taxes, insurance, and final loan terms.

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Refinance Calculator

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