Mortgage Payoff vs Refinance Calculator

Estimate Mortgage Payoff vs Refinance using your own numbers. Educational only—not financial advice.

Balance

Current rate (%)

Months remaining

Extra monthly payment

New rate (%)

New term (months)

Closing costs

Roll closing into loan

Assumptions

This calculator runs in your browser using the numbers you enter. Results are educational estimates only—not a lender quote or personalized advice.

What does break-even mean here?

Roughly how many months of payment savings it takes to recover cash closing costs (or similar upfront costs).

Should I refinance?

This tool only estimates payment math. Taxes, credit, fees, and how long you will keep the loan also matter — talk to a qualified professional.

Are taxes and insurance included?

Usually not unless a field asks for them. Most pages compare principal & interest (and optional PMI) only.

Estimates only. See Disclaimer.