Refinancing calculator

Will I save money by refinancing?

Refinancing your present mortgage can mean big savings but it comes with a price in the short term. The decision to refinance generally comes down to whether you'll be in your home long enough for your monthly savings to outweigh the upfront refinancing costs. If you're interested in calculating your monthly payment for a cash-out refinancing, please use our Cash-out Refinancing vs. Home Equity Loan calculator, or our Loan Payment calculator.

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The monthly payment calculation does not include taxes, insurance, or any other fees. This calculator assumes you are refinancing the principal balance left on your current loan. It is not intended to be used for cash-out refinancing.

Your break-even point also depends on other factors, including your tax situation and whether you pay closing costs upfront or add them to the principal of your new mortgage.

LendingTree calculators are for informational purposes only. LendingTree does not guarantee the accuracy of the calculators, or that you will receive the input rates. Consult a financial advisor for details specific to your situation.