Real-time refinance analysis, amortization, savings, break-even and scenario management.
$
Outstanding principal remaining.
%
%
$
Include fees, points, appraisal, etc.
$
Add to new loan principal if taking cash-out.
$
How much extra you plan to pay per month on the new loan.
Adjust Refinance Rate
Refi Rate: 3.25%
Amortization Schedule
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Current Loan
#
Payment
Interest
Principal
Balance
Refinanced Loan
#
Payment
Interest
Principal
Balance
Current Monthly Payment
$1,520.06
Total Interest Remaining: $0
Refinanced Monthly Payment
$1,320.65
Total Interest (new): $0
Savings & Break-even
Monthly Savings
$0
Net Savings (first year)
$0
Break-even (months)
—
Effective new loan principal includes closing costs and cash-out.
What this does: Computes real monthly payments using standard amortization formulas, includes closing costs and cash-out in the new loan principal, compares interest & payments over time, calculates break-even months and shows amortization schedules and charts.