Mortgage Refinance Calculator

Estimate monthly savings from refinancing a remaining balance to a new rate and term, including closing costs and break-even time.

Inputs

M = P × i(1+i)^k / ((1+i)^k − 1)
savings = M_old − M_new
break-even months ≈ closing_costs / savings

Uses remaining balance as the new loan principal. Does not model points or PMI.

Category: Finance

Shows new payment and break-even months.