Use our refinance calculator to estimate how much money you can save by inputting basic information about your current and new mortgage.

Refinance Calculator

The mortgage refinance calculator is intended for planning and educational purposes only. The assumptions made here and the output of the calculator do not constitute a loan offer or solicitation, or financial or legal advice. Please talk to a loan professional, lender, or your personal banker to estimate how much you can afford to pay for a home.

Current Loan Amount

This is the amount financed when you purchased the property.

Interest Rate

This is the interest rate for the loan you have been paying.

Current Term

This is a monetary loan that is repaid in regular payments over a set period of time. Loan term usually last between 15 and 30 years.

Original Year

The year you financed the property.

New Loan Amount

This is the new loan amount you are trying to finance.

New Interest Rate

This is the interest rate for the loan you will receive.

New Term

This is a monetary loan that is repaid in regular payments over a set period of time. Loan term usually last between 15 and 30 years.  Longer the loan term higher interest rate.

Refinance Fees

Cash Out

If you have enough equity you can refinance more than you currently owe.