Refinance Calculator.
One honest question decides most refinances: do the savings repay the costs before you leave the house? Thirty seconds, no credit pull, no teaser rates.
Your refinance
Enter your figures - the break-even updates as you type.
Break-even = closing costs ÷ monthly savings; net over your stay = savings for the months you'll keep the home, minus costs. Compare payments of the same kind (principal & interest against principal & interest) - and remember that "no-cost" refinances price the costs into the rate. Term changes and cash-out change the comparison; a specialist prices those properly. Estimates are educational, not an approval, offer, rate quote or guarantee. See how these figures are calculated. Want the four real reasons to refinance? Read the refinance page.
Have a specialist price it for real.
Current balance, payment, and goal - a specialist replies personally within one business day with an honest read on whether the math works for your file.
Before you run the numbers
What counts as closing costs?
Lender fees, title and settlement charges, the appraisal, and recording costs - the money it takes to manufacture the new loan. Prepaid escrows (taxes and insurance you'd owe anyway) aren't really a cost of refinancing, so a fair break-even excludes them. Your Loan Estimate itemizes all of it.
Is a "no-cost" refinance really free?
No - the costs are priced into a higher rate. That trade can genuinely make sense for a short expected stay, but it's a trade, not a gift. Run this calculator both ways and the difference becomes visible.
What if I'm changing the term or taking cash out?
Then payment-vs-payment stops being apples to apples - a shorter term can raise the payment while saving enormous interest, and cash-out is a borrowing decision, not a savings one. Those cases deserve a real side-by-side, which is exactly what a specialist prepares.