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Mortgage Refinancing Calculator

To use our Mortgage Refinancing Calculator, you must have JavaScript enabled

Interest rates may be lower now than when you purchased your home. In many cases refinancing your mortgage can save you large amounts in interest fees. Use this calculator to find out if refinancing will help you.

Current mortgage principal balance:
Current monthly payment:
Current interest rate:
Refinanced interest rate:
Length in years of refinacing mortgage:
Refinancing closing costs:
 
New payment after refinancing
Monthly savings after refinancing:
Interest before refinancing:
Interest after refinancing:
Interest saved by refinancing:
Interest savings less closing costs:

Our calculators and tools are not intended to be scientific and are only to be used as a general guideline. Information found on our site should not take the place of professional legal and financial assistance.