Your Current & New Loan
Current Mortgage
$
$
New Refinance Loan
$
Refinance Analysis
Current payment
$—
—% · — yrs left
New payment
$—
—% · — yr term
Monthly savings
$—
per month
—
—
Break-even Point
—
months to recoup costs
Total Savings (stay period)
$—
over — yrs after break-even
Lifetime Interest — Now
$—
remaining on current loan
Lifetime Interest — Refi
$—
on new loan
Break-even timeline
Now
—
— yrs
—
Cumulative savings vs. current loan
1 year
$—
3 years
$—
5 years
$—
10 years
$—
Full term
$—
Refinance readiness checklist
—
—
◎
Credit score 620+ recommended for best refi rates. Scores above 740 unlock the lowest available rates.
◎
20%+ equity avoids PMI on the new loan and typically qualifies you for better terms.
—
Calculations are estimates for educational purposes. Actual refinance savings depend on your credit profile, home equity, lender fees, and current market rates. Closing costs vary by lender and location (typically 2–5% of loan amount). Consult a licensed mortgage professional before refinancing.
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