Debt Refinancing Calculator
Compare your current loan against a refinancing offer to see whether it's actually worth it: the new monthly payment, how long it takes to recoup the closing costs, and how much you'd save — or lose — over the life of the debt.
Current loan
The debt you're carrying today
If you leave this blank, the payment is calculated from the balance, rate and remaining term above. Enter your real payment here if it differs (e.g. it already includes escrow).
Refinancing offer
The new loan you're considering
Costs paid upfront are recouped over time through lower monthly payments — that's what the break-even point measures.
Summary
Monthly payment before and after refinancing
Cumulative cost over time
Total amount paid so far under each loan, including any upfront refinancing costs
Side-by-side comparison
Every figure that goes into the decision
| Metric | Current loan | Refinanced loan | Difference |
|---|---|---|---|
| Calculate a refinancing scenario to see the full comparison. | |||
Estimate only — not financial advice. Real refinancing offers may include rate locks, prepayment penalties on the current loan, taxes, or insurance changes not modeled here.