Refinance Calculator
Calculate if refinancing makes sense for your situation
Current Loan
$
%
Monthly Payment$1,688.02
Total Remaining Cost$506,405.37
Total Interest$256,405.37
New Loan (Refinance)
%
$
Monthly Payment$1,447.86
Total Cost$521,230.30
Total Interest$266,230.30
Refinance Analysis
Monthly Savings
+$240.16
Break-Even Point
21 mo
Lifetime Savings
-$14,824.93
Recommendation
Not Worth It
Refinancing may not make sense. The break-even point of 21 months exceeds the value of refinancing.