Loan Products First-Time Buyers Refinancing Calculators Resources FAQ About Contact Apply Now →
📉 Refinance Calculator

Should You Refinance?

See your new payment, monthly savings, and exactly when you break even on closing costs.

Your Current Loan

Current Loan Balance $300,000
$50K$2M
Current Interest Rate 7.5%
2%12%
Remaining Term 27 years
5 yrs30 yrs

Your New Loan

New Interest Rate 6.0%
2%12%
Closing Costs $4,000
$0$20K
You break even on closing costs in
11 months
After that, every payment is pure savings.
Estimated Monthly Savings
$364
Lower payment vs. your current loan
Current Payment$2,162
New Payment$1,799
Break-Even11 months
Lifetime Savings$126,878
Start My Refinance — Apply Now → Speak With an Advisor
This calculator provides estimated payments for illustration purposes only. Actual rates, closing costs, and savings depend on credit score, loan-to-value, property type, and lender terms. Contact us for a personalized refinance quote.

💡 Pro Tips

  • A shorter break-even means you keep more if you sell or move sooner
  • Extending your term lowers your payment but can raise total interest paid
  • Refinancing into a 15-year term builds equity faster despite a higher payment
  • Ask us about no-closing-cost refinance options to break even on day one
Refinance the Smart Way

Calculators Estimate. We Deliver.

This break-even calculator gives you a solid starting point — but your actual savings depend on credit score, loan type, and closing costs. We shop 50+ lenders to find your lowest rate.

🏦

50+ Lenders Compared

We shop dozens of lenders simultaneously to compare competitive refinance options for your profile.

📉

Lower Than One Bank

Banks only offer their own products. As a broker, we bring competition to your refinance.

⚡

Pre-Approval in 24 Hours

Know your real refinance rate and savings before you commit — fast and at no cost to you.

💬

Real Humans, No Robots

Talk to a licensed mortgage advisor 7 days a week, 9AM–9PM. We answer your calls.

Get My Real Rate →

No credit pull required for pre-qualification

Liked the Numbers? Let's Make Them Real.

Apply in minutes and get a real rate quote from our licensed advisors.

Start My Application → Call (800) 286-3235