Mortgage Refinance Calculator
Discover how refinancing could lower your monthly payment and save you thousands in interest. Calculate your potential savings instantly below.
Please note that this calculation does not include taxes and insurance.
Loan Details
Current Mortgage
New Mortgage
Your Potential Savings
Monthly Savings
Break-Even Time
Enter your loan details to see your personalized savings
Why Refinance Your Mortgage?
Refinancing can help you achieve financial freedom faster. Whether you want to lower your payment, pay off your loan sooner, or access your home's equity, we're here to help.
Lower Your Payment
Reduce your monthly payment by securing a lower interest rate
Pay Off Faster
Switch to a shorter term and build equity more quickly
Access Equity
Cash out for home improvements, debt consolidation, or investments
Try an Example Scenario:
Get My Rate QuoteLoan Comparison Over Time
*The calculations provided by this calculator are estimates for educational purposes only and should not be considered as guaranteed rates or financial advice. Your actual savings, payments, and break-even analysis will depend on various factors including your actual loan terms, closing costs, and fees.
This calculator provides general estimates based on the information you enter. Actual refinance costs, including origination fees, appraisal fees, title insurance, and other closing costs will vary. We recommend consulting with a NewFed Mortgage loan officer for a personalized analysis.
Break-even calculations assume you will remain in your home for the entire loan term. Consider your future plans when evaluating refinance options.
NewFed Mortgage NMLS #1881 | Equal Housing Lender
