Refinance tools
Should I refinance?
Enter your current loan and a new loan you're considering. We'll compare monthly payments, chart both payoff timelines, and show real interest savings — including any extra payments.
Your current loan
TODAYThe new loan
PROPOSEDPayoff timeline
⚠ The "reset the clock" caveat
A new loan restarts amortization, so comparing lifetime interest on a fresh new loan against one you're partway through isn't apples-to-apples. The figures below compare interest over the same remaining horizon instead.
The strongest version of a refinance is to take the monthly saving and put it straight back onto the new loan's principal. Your total outlay doesn't rise, because the money is the saving itself, but it offsets the term reset and cuts both the interest and the payoff date. That only works if you actually make the extra payment rather than letting the saving disappear into the budget.
All four happen in your browser. Your figures are not sent anywhere — the email opens in your own mail app, already filled in.
Related calculators
Should I refinance to pay off debt?
Roll high-rate debts into a new mortgage and see the blended rate, the monthly saving, and what it costs over the full term.
Should I make extra payments?
See how much time and interest an extra payment each month can save you.
Should I pay points?
Find the month your discount points start paying for themselves.