Refinance calculator
Compare principal and interest payments and estimate how long monthly savings could take to recover closing costs.
Estimated monthly principal and interest savings
$265
- Current payment
- $2,113
- Possible new payment
- $1,847
- Estimated break-even
- 23 months
Estimate only. This comparison excludes taxes, insurance, mortgage insurance, escrow changes, cash received, term-reset effects, and other costs that may affect the decision.