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Refinance Calculator

See your new payment and break-even point on closing costs.

📋 Current → New loan
Typical range: 2%-6% of loan amount
✓ Your refinance estimate
Monthly savings
$254 /mo
Current payment$2,018
New payment$1,764
Closing costs$8,400
Break-even point2y 9mo
Old total interest remaining$373,850
New total interest$355,137
Net lifetime savings (after closing)$10,313
Moderate break-even — worth it if staying a few more years.
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For informational purposes only — not financial, tax, or legal advicePlease read

Moneylyn is an independent calculator platform — not a bank, licensed financial adviser, investment adviser, or tax professional in any jurisdiction. Every result is an estimate based on publicly available data and user-entered inputs. Actual loan terms, tax obligations, investment returns, and financial outcomes will vary. Before acting on any figure shown here, confirm current details with your bank, a qualified professional, or the relevant official source. Terms of Service · Privacy Policy