'Should I Refinance' Calculator

Times change. Your current mortgage may not look quite as good now. Perhaps interest rates have dropped. Or your monthly payments are higher than you would like. It's possible you could come out ahead financially if you refinance your mortgage. This calculator will help you factor in how much you still owe on your home, along with interest rates and loan terms. In addition, it will calculate the number of months it would take to break even on closing costs with your new payment.