Mortgage Refinance Calculator
Finance CalculatorsCompare your current mortgage with a new refinance option.
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New Monthly Payment
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Monthly Savings
About This Tool
Find out if refinancing your mortgage saves you money. Compare monthly savings and total interest reduction.
Frequently Asked Questions
Generally, it is worth considering if interest rates have dropped by at least 1-2% or your credit score has significantly improved.
Refinancing often involves fees like appraisal and processing. Factor these into your total savings plan.
Yes, unless you choose a shorter term, you will start a new 15 or 30-year cycle.
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