Refinancing a home

Mortgage Refinance Calculator

See whether a refinance could pay off after closing costs, a new rate, a new term and any cash you take out.

Current loan

Current principal balance

Current note rate

Remaining term

Current monthly PMI or MIP

New loan offer

New note rate

New term

New monthly PMI or MIP

Closing costs you will not recover

Lender credits

Cash applied to principal

Roll eligible closing costs into the loanTake cash outInclude a prepayment penalty

Property taxes, insurance and HOA dues are left out because they usually do not change when you refinance. This is not an official APR disclosure or lending offer.

Results

Enter both loan balances, rates, terms and the refinance closing costs.