REFINANCE SAVINGS CALCULATOR
Free tool
Refinance comparison calculator
Start with your goal, then compare your current mortgage against a new one. See your real savings, when you'd break even, and the full breakdown — then save or print it.
What's your priority?
Lower my paymentsmaller monthly bill
Pay off fastersave on interest
Take cash outtap my equity
Current mortgage
New mortgage
10 yr
15 yr
20 yr
30 yr
Advanced options — fees, cash-out, taxes+
Summary
Full report
Monthly savings
$—
New monthly payment
$—
Break-even point
—
Lifetime interest saved
$—
Your savings over time
Total interest saved, minus the cost of refinancing. Where the line crosses zero is your break-even.
Current mortgage
Balance
Interest rate
Monthly payment (P&I)
Years remaining
Total interest left
New mortgage
Loan amount
Interest rate
Monthly payment (P&I)
Term
Total interest
Where your money goes — new loan, over its life
Principal: Interest:
Refinance fees
Cash out
Net lifetime savings
Estimate for education only, comparing principal & interest. Actual savings depend on your full loan terms, credit, and program. Rolling fees into the loan increases the balance and interest. Not a commitment to lend. Equal Housing Opportunity · Tony Daniels with Elev8 Mortgage NMLS #2650609.