Savings

Refinance Calculator

Compare your current mortgage payment with a new loan to see your potential monthly and lifetime savings from refinancing.

Current Loan

Today's average as of September 15, 2026 plus 1 pt. Adjust to your quote.

New Loan

Today's average as of September 15, 2026. Adjust to your quote.

Typically 2-5% of the loan amount

Results

Monthly Savings

$318.82

Current Monthly Payment$2,365.35
New Monthly Payment$2,046.53
Lifetime Savings$109,775.20
Break-Even on Closing Costs1 yr 4 mo
Get pre-qualified with these numbers

Carries these figures into the 2-minute form. No credit pull.

Email Me These Results

Other calculators

ConventionalFHAVAAffordabilityDTIExtra PaymentRent vs BuyBlended Rate
FAQ

Refinance Calculator Questions

Straight answers from a California mortgage broker.

When you recover the closing costs through monthly savings well before you plan to sell or refinance again. A break-even under three years is usually a clear yes; over five years deserves a conversation. Run the full Refinance Analyzer for a recommendation that includes your credit profile.
Monthly savings multiplied over a 30-year horizon, minus closing costs. Resetting to a new 30-year term can raise total interest even when the monthly payment drops; the analyzer shows both views.
Usually yes, if the appraised value supports it. A no-closing-cost refinance trades a slightly higher rate for no cash out of pocket.

Want the Real Numbers?

Calculators estimate. A two-minute pre-qualification gets you rates from 100+ lenders for your exact situation.

Get Pre-Qualified(714) 399-6361

This information is not intended to be an indication of loan qualification, loan approval or commitment to lend. Rates, terms, and availability of programs are subject to change without notice.

Reviewed by Joann Ton, Loan Officer (NMLS# 1461031) | Last updated: September 2026