Compare actual loan schedules, financed or upfront fees, cash-out and balance-adjusted break-even with interactive amortization and savings charts.
01 / PURPOSE-SPECIFIC INPUTS
Payment savings and economic savings differ. Break-even includes actual remaining balances and cumulative payments; taxes and escrow are excluded.
02 / RESULT & INTERACTIVE INSPECTION
Planning assumptions, not a refinancing recommendation. Optional current payment must exclude escrow and insurance.
Observation 0: Existing balance: 250,000 $; New balance: 250,000 $.
Observation 0: Net refinance advantage: -5,500 $.
Observation 0: Cash-flow difference including upfront cash-out: -5,500 $.
| Month | Old paid this month | New paid this month | Old balance | New balance | Net refinance advantage |
|---|---|---|---|---|---|
| 0 | $0.00 | $0.00 | $250,000.00 | $250,000.00 | $-5,500.00 |
| 1 | $1,863.93 | $1,649.89 | $249,490.23 | $249,391.78 | $-5,187.50 |
| 2 | $1,863.93 | $1,649.89 | $248,977.71 | $248,781.02 | $-4,875.23 |
| 3 | $1,863.93 | $1,649.89 | $248,462.40 | $248,167.72 | $-4,563.19 |
| 4 | $1,863.93 | $1,649.89 | $247,944.31 | $247,551.86 | $-4,251.38 |
| 5 | $1,863.93 | $1,649.89 | $247,423.41 | $246,933.44 | $-3,939.81 |
| 6 | $1,863.93 | $1,649.89 | $246,899.68 | $246,312.44 | $-3,628.49 |
| 7 | $1,863.93 | $1,649.89 | $246,373.12 | $245,688.85 | $-3,317.42 |
| 8 | $1,863.93 | $1,649.89 | $245,843.71 | $245,062.66 | $-3,006.60 |
| 9 | $1,863.93 | $1,649.89 | $245,311.43 | $244,433.87 | $-2,696.05 |
| 10 | $1,863.93 | $1,649.89 | $244,776.27 | $243,802.46 | $-2,385.75 |
| 11 | $1,863.93 | $1,649.89 | $244,238.21 | $243,168.41 | $-2,075.72 |
| 12 | $1,863.93 | $1,649.89 | $243,697.23 | $242,531.72 | $-1,765.97 |
| 13 | $1,863.93 | $1,649.89 | $243,153.33 | $241,892.38 | $-1,456.49 |
| 14 | $1,863.93 | $1,649.89 | $242,606.48 | $241,250.38 | $-1,147.29 |
| 15 | $1,863.93 | $1,649.89 | $242,056.66 | $240,605.70 | $-838.38 |
| 16 | $1,863.93 | $1,649.89 | $241,503.87 | $239,958.33 | $-529.77 |
| 17 | $1,863.93 | $1,649.89 | $240,948.08 | $239,308.27 | $-221.45 |
| 18 | $1,863.93 | $1,649.89 | $240,389.28 | $238,655.50 | $86.57 |
| 19 | $1,863.93 | $1,649.89 | $239,827.46 | $238,000.01 | $394.28 |
Rows 1–20 of 241
Enter your values locally; no inputs are uploaded.
Check validation feedback before reviewing the browser-generated result.
Review the explanation, copy supported outputs or reset the workspace.
Each fixed-rate loan is simulated monthly using its actual opening balance, interest and payments. If no current payment is entered, it is derived from the remaining balance, rate and term; an optional payment excludes escrow and insurance.
Compare actual loan schedules, financed or upfront fees, cash-out and balance-adjusted break-even with interactive amortization and savings charts. Inspect the calculated data through labeled controls and review worked assumptions before using a result.
Refinance Calculator calculations run locally in browser memory. Entered financial values, wages, measurements and other inputs are not sent to a third-party processing service or saved as a personal profile. Ordinary website page requests may still be logged. Clipboard access happens only when you choose Copy Result.
Each fixed-rate loan is simulated monthly using its actual opening balance, interest and payments. If no current payment is entered, it is derived from the remaining balance, rate and term; an optional payment excludes escrow and insurance.
The model compares cumulative old versus new payments, upfront fees, retained cash-out proceeds and remaining loan balances. It reports the first nonnegative month after the final negative month only when a positive final advantage exists within both loan terms.
Monthly savings can change when either loan is paid off, and different terms build equity at different speeds. A simple first-payment-savings ratio can therefore misrepresent economic break-even.
Points are a percentage of the final new principal. With financed fees, principal equals old balance plus cash-out plus closing costs, divided by one minus the points fraction. Fees and their financed principal are not charged twice.
Yes. Extending the loan term can lower payments while raising lifetime interest plus fees. The calculator flags that outcome and keeps payment cash-flow savings separate from balance-adjusted economic advantage.
Identical net-cost schedules show no gain rather than an invented savings payoff. A custom payment must exceed monthly interest; any residual at the entered old term is disclosed and paid as a final balloon. Taxes, escrow, variable rates and unspecified costs are excluded.