Refinance Calculator
Compare your current mortgage with a refinance option, including closing costs, points, and cash-out.
Estimated savings
₹ 0.00
Monthly savings
₹ 0.00
Based on the information provided, refinancing now might save you money.
Upfront costs
₹ 0.00
Difference in interest
₹ 0.00
Months to recoup costs
0
New monthly payment
₹ 0.00
First payment
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Last payment
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Current vs refinance balance
| S.No | Date | Payment | Principal | Interest | Remaining balance |
|---|
How to Use This Calculator
- Choose whether you are modeling remaining balance or original loan amount.
- Enter your current payment and rate, then the new rate, term, fees, points, and cash-out amount.
- Click Calculate to review estimated savings, upfront costs, break-even timing, and the comparison chart.
- Export the refinance amortization schedule via Excel or PDF.
Frequently Asked Questions
What are upfront costs?
This model treats upfront costs as fees plus points, where points are calculated as a percentage of the new loan amount.
How is remaining balance estimated?
When you choose remaining balance, the calculator derives the balance from your current payment, current rate, and the new loan term.
Does the chart include escrow or PMI?
No. The comparison chart shows remaining loan balances for principal-and-interest amortization only.
