Refinance Calculator

Should you refinance? Use our calculator to estimate how much money you can save by refinancing your mortgage to a lower rate or shorter term.

Our refinance calculator can help you determine if refinancing your mortgage loan makes sense. Refinancing may be an option if you have high-interest rate mortgage, an adjustable-rate loan, or maybe your payments are becoming unmanageable. By refinancing, you may be able to lower your monthly payments, shorten the term of your loan, or move into a more secure loan.

Mortgage Refinance Calculator

See if you should refinance your mortgage. Enter the details of your current home loan along with details of a new loan to estimate your savings and see if refinancing is right for you!

Current Mortgage
New Mortgage
Loan Amount
$
$
Interest Rate
%
%
Loan Term
Years
Years
Start of Payment
Extra Principal Payment
$

Refinance Saving

per month
Lifetime Savings
New Payment
/month
Payoff Period
Calculator By: Choice Home Mortgage

Mortgage Calculator

Please fill out the information below to have your mortgage analyzed