Calculator
Refinance Calculator
Compare current loan vs refinance terms with break-even timing and lifetime savings.
Calculator workspace
Compare refinance options with payment delta, break-even time, and lifetime cost impact.
Workspace session
Each calculator workspace session is saved locally and linked to this calculator route.
Reusable finance profile
Balanced debt and savings assumptions for one income household.
Display currency
Currency list source: local-fallback. Loaded 162 options.
Values stay the same, but all money outputs are shown in USD for your region.
Goal tracker
Set one measurable target to keep this calculator outcome on track.
Scenario vault
No saved scenarios yet. Save your current setup to build your comparison vault.
Smart action plan
- Estimated monthly payment drops by about $285.32; redirect this to principal or investments immediately.
- No meaningful break-even under current assumptions. Revisit rate, term, and closing-cost structure.
- Lifetime impact estimate: save about $22,726.33 versus staying in the current loan.
Insights
- Current payment vs new payment: $2,221.91 -> $1,936.59 (+$285.32/month cash-flow impact).
- No upfront refinance costs to recover. Lifetime impact: save $22,726.33.
Funnel navigation
- Validate new payment: Push the refinanced monthly payment into DTI and confirm affordability.
- Deploy monthly savings: Turn payment savings into an automatic savings/investment timeline.
Amortization schedule
| Month | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | $1,936.59 | $331.30 | $1,605.29 | $326,168.70 |
| 2 | $1,936.59 | $332.93 | $1,603.66 | $325,835.77 |
| 3 | $1,936.59 | $334.56 | $1,602.03 | $325,501.21 |
| 4 | $1,936.59 | $336.21 | $1,600.38 | $325,165.00 |
| 5 | $1,936.59 | $337.86 | $1,598.73 | $324,827.14 |
| 6 | $1,936.59 | $339.52 | $1,597.07 | $324,487.61 |
| 7 | $1,936.59 | $341.19 | $1,595.40 | $324,146.42 |
| 8 | $1,936.59 | $342.87 | $1,593.72 | $323,803.55 |
| 9 | $1,936.59 | $344.56 | $1,592.03 | $323,458.99 |
| 10 | $1,936.59 | $346.25 | $1,590.34 | $323,112.74 |
| 11 | $1,936.59 | $347.95 | $1,588.64 | $322,764.79 |
| 12 | $1,936.59 | $349.66 | $1,586.93 | $322,415.12 |
| 13 | $1,936.59 | $351.38 | $1,585.21 | $322,063.74 |
| 14 | $1,936.59 | $353.11 | $1,583.48 | $321,710.63 |
| 15 | $1,936.59 | $354.85 | $1,581.74 | $321,355.78 |
| 16 | $1,936.59 | $356.59 | $1,580.00 | $320,999.19 |
| 17 | $1,936.59 | $358.34 | $1,578.25 | $320,640.85 |
| 18 | $1,936.59 | $360.11 | $1,576.48 | $320,280.74 |
| 19 | $1,936.59 | $361.88 | $1,574.71 | $319,918.86 |
| 20 | $1,936.59 | $363.66 | $1,572.93 | $319,555.21 |
| 21 | $1,936.59 | $365.44 | $1,571.15 | $319,189.76 |
| 22 | $1,936.59 | $367.24 | $1,569.35 | $318,822.52 |
| 23 | $1,936.59 | $369.05 | $1,567.54 | $318,453.48 |
| 24 | $1,936.59 | $370.86 | $1,565.73 | $318,082.61 |
How this tool helps
Evaluate refinancing by comparing payment, total remaining cost, closing costs, and break-even period under new rate and term assumptions.
Utiliora tools are designed to work directly in modern browsers with clear input labels, mobile-friendly controls, and accessible result panels. Use related utilities below to continue your workflow without switching apps.
FAQ
Is Refinance Calculator free to use?
Refinance Calculator is available for free and works directly in your browser.
Does Refinance Calculator store my input data?
Inputs are processed client-side whenever possible. Server-side checks are only used for network diagnostics and are not stored.
Can I use Refinance Calculator on mobile?
Yes. The interface is responsive and optimized for phones, tablets, and desktop devices.