Mortgage Refinance Calculator

Compare principal-and-interest payments, lifetime interest, closing costs, and estimated break-even. Calculate it clearly with Figur.

How the mortgage refinance calculator works

Compare principal-and-interest payments, lifetime interest, closing costs, and estimated break-even.

Method and assumptions

Figur applies straightforward arithmetic to the values you enter. The calculation runs locally in your browser and is not stored.

  • The result depends on accurate inputs and units.
  • External factors, fees, taxes, or rules not requested by the calculator are not included.
  • Use the result as a planning estimate and verify any high-stakes decision.

Sources and references

No external data source is required: this calculator uses standard arithmetic and the values you enter.

Worked example

Refinance $300,000 with 25 years left from 7% to 6%, with $6,000 costs.

The new estimated monthly payment is $1,932.90; savings, interest, and break-even appear in the breakdown.

Frequently asked questions

What does break-even mean?

It is closing costs divided by monthly payment savings; it does not include taxes or investment returns.

Are escrow costs included?

No. Property tax, insurance, and mortgage insurance are excluded.

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