Refinance Calculator

See if refinancing your mortgage makes financial sense. Calculate monthly savings and break-even point.

Calculator

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Monthly Savings

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Break-Even Point0
Total Interest Savings₹0

How to use this calculator

  1. Enter your current loan balance and interest rate.
  2. Input the new loan amount, interest rate, and term.
  3. Add closing costs for the refinance.
  4. See your monthly savings and how long to break even.

Benefits

  • Make informed decisions about refinancing.
  • Calculate exact monthly and total interest savings.
  • Understand the impact of closing costs.

Frequently Asked Questions

When should I refinance?

Refinancing makes sense if you can lower your interest rate by at least 1-2% and plan to stay in the home long enough to recoup closing costs.