Refinance Calculator
by calculators.cat
0 Users Online Now
Loan Details
Current Loan
Total amount you still owe
Annual percentage rate
New Refinance Loan
Closing costs, appraisal, fees
Analysis Result
Monthly Savings
$0.00
Lifetime Savings
$0.00
Break-Even Point
0 Months
New Monthly Payment
$0.00
Detailed Comparison
| Metric | Current Loan | New Loan | Difference |
|---|---|---|---|
| Monthly Payment | $0.00 | $0.00 | $0.00 |
| Total Interest | $0.00 | $0.00 | $0.00 |
| Total Cost | $0.00 | $0.00 | $0.00 |
Generated by calculators.cat | Results are estimates only
Recent Calculations
- No history yet. Perform a calculation to see history.
How to Use the Refinance Calculator
Welcome to the calculators.cat Refinance Calculator. This advanced tool helps homeowners and borrowers decide if refinancing their mortgage or loan is financially beneficial.
Why Refinance?
Refinancing involves replacing your current loan with a new one, typically to obtain a lower interest rate, shorten the loan term, or cash out home equity. Our calculator helps you visualize these benefits instantly.
Key Features:
- Break-Even Analysis: Find out exactly how many months it will take to recover your closing costs.
- Monthly & Lifetime Savings: See the total amount you will save over the life of the new loan.
- Detailed Comparison: Compare interest paid and total costs between your current and new loan.
To get started, simply enter your current loan details (balance, rate, term) and the new loan offer you are considering. The calculator will automatically update with your potential savings.
Operation completed successfully!