Free Refinance Tool

See If Refinancing Actually Saves You Money

Compare your current loan against a new refinance offer, including monthly savings, break-even timing, closing costs, and planned-stay impact.

Break-even timingSee when the refinance pays back.
Monthly savingsCompare payment before and after.
Full cost viewRolled fees stay in the loan math.

Property Context

Address is optional. If you provide it, we can try to prefill value, tax, and property context.

If prefilled, this is just context. You can edit it.
Prefill is optional. You can edit any value before running the analysis.

Your Current Loan

Tell us about the mortgage and housing payment you have today.

Estimated market value of your home today.
Usually includes P&I, property tax, and insurance. HOA is entered separately.

Review Current Payment Breakdown

We estimate the split, then you can adjust the P&I, tax, and insurance numbers.

New Loan Details

What terms are you considering for the refinance?

If you roll these costs in, they increase the new loan balance and still affect the full cost comparison.
What this calculates
We compare the current loan against the proposed refinance across monthly savings, break-even timing, cash to close, and planned-stay cost.
  • Monthly savings

    How much less or more you would pay each month.

  • Break-even point

    When payment savings offset closing costs.

  • Full-picture cost

    Rolled costs and loan-term changes remain in the comparison.

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Your inputs are used to generate this analysis and support saved reports.

When you run this analysis, HomeDecisionLab may process and store your submitted inputs and calculated results to provide the report, support saving/reopening reports, improve our tools, and create aggregated, non-identifying insights. See our Privacy Policy.

Related planning tools

Keep refinance decisions organized with broader home finance and maintenance planning.

Home Finance Checklist Homeowner Maintenance Checklist