Resource Center · Calculators
Can I Refinance My Mortgage?
Refinancing can lower your payment, but it has upfront costs. See how long it takes for the savings to pay them back.
Your Information
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This calculator is for general educational purposes and produces hypothetical estimates based on the figures you enter. It is not financial, tax, legal, or investment advice and does not guarantee future results. Consult a qualified professional before making decisions.
Your Results
New Monthly Payment
$1,703
Monthly Savings
$193
Break-Even
31.1 months
If you plan to keep the home past the break-even point, refinancing may be worth it. Factor in how long you've held the current loan, too.
