Refinance Breakeven Calculator
To determine the break even of a Refinance we look at your monthly saving compared to the amount of the cost to do the refinance. Generally, if you can break even in under 36 months it can make sense to complete the transaction.
Refianace Extra Payment Calculator
See if you should refinance your mortgage. Enter the details of your current home loan along with details of a new loan to estimate your savings and see if refinancing is right for you!
Current Mortgage
New Mortgage
Loan Amount
$
$
Interest Rate
%
%
Loan Term
Years
Years
Start of Payment
Extra Principal Payment
$
Refinance Saving
per month
Lifetime Savings
New Payment
/month
Payoff Period
Calculator By: Choice Home Mortgage