Refinance Home Mortgage Calculator

Find out how many months you will need to keep your home under the new loan terms in order for it to make financial sense to refinance your home mortgage loan.

• Current Monthly Payment $
• Balance of Current Mortgage $
• New Mortgage Interest Rate (e.g., 7%)   per year
• Repayment Term of New Mortgage   years
• Closing Costs of New Mortgage * $
• * Closing costs include items such as points (% of loan principal paid as a fee), application fee, attorneys' fees (both yours and lender's), title search, appraisal fee, local fees, credit check, title insurance, inspections and document preparation.