Refinance Calculator
Compare your current mortgage payment with a refinance, and see when the closing costs pay for themselves.
Your details
New monthly payment
$1,842.26
- Monthly savings
- $278.08
- Break-even
- 1 yr 6 mos
- Current payment
- $2,120.34
New monthly payment$1,842.26
Formula
Both payments are amortized on the current balance. Break-even = closing costs ÷ monthly savings.
Sources & methodology
Compares principal & interest only. Excludes taxes, insurance, and cash-out.
- •CFPB — refinancing your mortgage — CFPB
Last updated: 2026-07-19
Related calculators
More Mortgage →Learn more
Should You Pay Off Your Mortgage Early?Extra payments can save tens of thousands in interest — but they aren't always the best use of your money. The trade-offs, laid out.When Does Refinancing Your Mortgage Make Sense?Refinancing can lower your rate or payment — but closing costs mean it only pays off if you stay long enough. Find your break-even.
Embed this calculator⌄
Paste this into your page — it works with no key and computes in the visitor's browser.
<iframe src="https://numveo.com/embed/refinance-calculator" width="100%" height="640" style="border:0" loading="lazy" title="Refinance Calculator"></iframe>