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Refinance Calculator

Refinance Calculator to calculate how much you can save by refinancing your mortgage. Should I refinance is a Mortgage refinance calculator to estimate your new monthly mortgage payment, interest savings, and generates an amortization schedule with principal, interest and monthly payment. In addition, you will get a mortgage comparison table that compares your original mortgage payment against refinancing.

Mortgage Refinance Calculator
Remaining Balance
 $
Interest Rate
Current Monthly Payment
 $
New Interest Rate
New Loan Terms
 years
Closing Cost
 $
Other Expenses
 $

Mortgage Refinance Calculator Results
New Monthly Payment:
 $1,035.87
Payoff Date:
 Feb, 2040
Closing Cost:
 $0.00
Other Expenses:
 $0.00
Interest Savings:
 $91,974.81
Total Savings:
 $92,663.71

Mortgage Refinance Amortization Schedule
Payment Date Payment # Interest Paid Principal Paid Total Payment Remaining Balance
Mar, 2025 1 $375.00 $660.87 $1,035.87 $149,339.13
Apr, 2025 2 $373.35 $662.52 $1,035.87 $148,676.60
May, 2025 3 $371.69 $664.18 $1,035.87 $148,012.42
Jun, 2025 4 $370.03 $665.84 $1,035.87 $147,346.58
Jul, 2025 5 $368.37 $667.51 $1,035.87 $146,679.07
Aug, 2025 6 $366.70 $669.17 $1,035.87 $146,009.90
Sep, 2025 7 $365.02 $670.85 $1,035.87 $145,339.05
Oct, 2025 8 $363.35 $672.52 $1,035.87 $144,666.53
Nov, 2025 9 $361.67 $674.21 $1,035.87 $143,992.32
Dec, 2025 10 $359.98 $675.89 $1,035.87 $143,316.43
Jan, 2026 11 $358.29 $677.58 $1,035.87 $142,638.85
Feb, 2026 12 $356.60 $679.28 $1,035.87 $141,959.57
Mar, 2026 13 $354.90 $680.97 $1,035.87 $141,278.60
Apr, 2026 14 $353.20 $682.68 $1,035.87 $140,595.92
May, 2026 15 $351.49 $684.38 $1,035.87 $139,911.54
Jun, 2026 16 $349.78 $686.09 $1,035.87 $139,225.45
Jul, 2026 17 $348.06 $687.81 $1,035.87 $138,537.64
Aug, 2026 18 $346.34 $689.53 $1,035.87 $137,848.11
Sep, 2026 19 $344.62 $691.25 $1,035.87 $137,156.86
Oct, 2026 20 $342.89 $692.98 $1,035.87 $136,463.88
Nov, 2026 21 $341.16 $694.71 $1,035.87 $135,769.16
Dec, 2026 22 $339.42 $696.45 $1,035.87 $135,072.71
Jan, 2027 23 $337.68 $698.19 $1,035.87 $134,374.52
Feb, 2027 24 $335.94 $699.94 $1,035.87 $133,674.59
Mar, 2027 25 $334.19 $701.69 $1,035.87 $132,972.90
Apr, 2027 26 $332.43 $703.44 $1,035.87 $132,269.46
May, 2027 27 $330.67 $705.20 $1,035.87 $131,564.26
Jun, 2027 28 $328.91 $706.96 $1,035.87 $130,857.30
Jul, 2027 29 $327.14 $708.73 $1,035.87 $130,148.57
Aug, 2027 30 $325.37 $710.50 $1,035.87 $129,438.07
Sep, 2027 31 $323.60 $712.28 $1,035.87 $128,725.79
Oct, 2027 32 $321.81 $714.06 $1,035.87 $128,011.74
Nov, 2027 33 $320.03 $715.84 $1,035.87 $127,295.89
Dec, 2027 34 $318.24 $717.63 $1,035.87 $126,578.26
Jan, 2028 35 $316.45 $719.43 $1,035.87 $125,858.83
Feb, 2028 36 $314.65 $721.23 $1,035.87 $125,137.61
Mar, 2028 37 $312.84 $723.03 $1,035.87 $124,414.58
Apr, 2028 38 $311.04 $724.84 $1,035.87 $123,689.74
May, 2028 39 $309.22 $726.65 $1,035.87 $122,963.10
Jun, 2028 40 $307.41 $728.46 $1,035.87 $122,234.63
Jul, 2028 41 $305.59 $730.29 $1,035.87 $121,504.34
Aug, 2028 42 $303.76 $732.11 $1,035.87 $120,772.23
Sep, 2028 43 $301.93 $733.94 $1,035.87 $120,038.29
Oct, 2028 44 $300.10 $735.78 $1,035.87 $119,302.51
Nov, 2028 45 $298.26 $737.62 $1,035.87 $118,564.90
Dec, 2028 46 $296.41 $739.46 $1,035.87 $117,825.44
Jan, 2029 47 $294.56 $741.31 $1,035.87 $117,084.13
Feb, 2029 48 $292.71 $743.16 $1,035.87 $116,340.97
Mar, 2029 49 $290.85 $745.02 $1,035.87 $115,595.95
Apr, 2029 50 $288.99 $746.88 $1,035.87 $114,849.06
May, 2029 51 $287.12 $748.75 $1,035.87 $114,100.31
Jun, 2029 52 $285.25 $750.62 $1,035.87 $113,349.69
Jul, 2029 53 $283.37 $752.50 $1,035.87 $112,597.19
Aug, 2029 54 $281.49 $754.38 $1,035.87 $111,842.82
Sep, 2029 55 $279.61 $756.27 $1,035.87 $111,086.55
Oct, 2029 56 $277.72 $758.16 $1,035.87 $110,328.39
Nov, 2029 57 $275.82 $760.05 $1,035.87 $109,568.34
Dec, 2029 58 $273.92 $761.95 $1,035.87 $108,806.39
Jan, 2030 59 $272.02 $763.86 $1,035.87 $108,042.53
Feb, 2030 60 $270.11 $765.77 $1,035.87 $107,276.77
Mar, 2030 61 $268.19 $767.68 $1,035.87 $106,509.09
Apr, 2030 62 $266.27 $769.60 $1,035.87 $105,739.49
May, 2030 63 $264.35 $771.52 $1,035.87 $104,967.96
Jun, 2030 64 $262.42 $773.45 $1,035.87 $104,194.51
Jul, 2030 65 $260.49 $775.39 $1,035.87 $103,419.13
Aug, 2030 66 $258.55 $777.32 $1,035.87 $102,641.80
Sep, 2030 67 $256.60 $779.27 $1,035.87 $101,862.53
Oct, 2030 68 $254.66 $781.22 $1,035.87 $101,081.32
Nov, 2030 69 $252.70 $783.17 $1,035.87 $100,298.15
Dec, 2030 70 $250.75 $785.13 $1,035.87 $99,513.02
Jan, 2031 71 $248.78 $787.09 $1,035.87 $98,725.93
Feb, 2031 72 $246.81 $789.06 $1,035.87 $97,936.87
Mar, 2031 73 $244.84 $791.03 $1,035.87 $97,145.84
Apr, 2031 74 $242.86 $793.01 $1,035.87 $96,352.83
May, 2031 75 $240.88 $794.99 $1,035.87 $95,557.84
Jun, 2031 76 $238.89 $796.98 $1,035.87 $94,760.87
Jul, 2031 77 $236.90 $798.97 $1,035.87 $93,961.90
Aug, 2031 78 $234.90 $800.97 $1,035.87 $93,160.93
Sep, 2031 79 $232.90 $802.97 $1,035.87 $92,357.96
Oct, 2031 80 $230.89 $804.98 $1,035.87 $91,552.98
Nov, 2031 81 $228.88 $806.99 $1,035.87 $90,745.99
Dec, 2031 82 $226.86 $809.01 $1,035.87 $89,936.98
Jan, 2032 83 $224.84 $811.03 $1,035.87 $89,125.95
Feb, 2032 84 $222.81 $813.06 $1,035.87 $88,312.90
Mar, 2032 85 $220.78 $815.09 $1,035.87 $87,497.81
Apr, 2032 86 $218.74 $817.13 $1,035.87 $86,680.68
May, 2032 87 $216.70 $819.17 $1,035.87 $85,861.51
Jun, 2032 88 $214.65 $821.22 $1,035.87 $85,040.29
Jul, 2032 89 $212.60 $823.27 $1,035.87 $84,217.02
Aug, 2032 90 $210.54 $825.33 $1,035.87 $83,391.69
Sep, 2032 91 $208.48 $827.39 $1,035.87 $82,564.29
Oct, 2032 92 $206.41 $829.46 $1,035.87 $81,734.83
Nov, 2032 93 $204.34 $831.54 $1,035.87 $80,903.30
Dec, 2032 94 $202.26 $833.61 $1,035.87 $80,069.68
Jan, 2033 95 $200.17 $835.70 $1,035.87 $79,233.98
Feb, 2033 96 $198.08 $837.79 $1,035.87 $78,396.20
Mar, 2033 97 $195.99 $839.88 $1,035.87 $77,556.31
Apr, 2033 98 $193.89 $841.98 $1,035.87 $76,714.33
May, 2033 99 $191.79 $844.09 $1,035.87 $75,870.25
Jun, 2033 100 $189.68 $846.20 $1,035.87 $75,024.05
Jul, 2033 101 $187.56 $848.31 $1,035.87 $74,175.74
Aug, 2033 102 $185.44 $850.43 $1,035.87 $73,325.30
Sep, 2033 103 $183.31 $852.56 $1,035.87 $72,472.74
Oct, 2033 104 $181.18 $854.69 $1,035.87 $71,618.05
Nov, 2033 105 $179.05 $856.83 $1,035.87 $70,761.23
Dec, 2033 106 $176.90 $858.97 $1,035.87 $69,902.26
Jan, 2034 107 $174.76 $861.12 $1,035.87 $69,041.14
Feb, 2034 108 $172.60 $863.27 $1,035.87 $68,177.87
Mar, 2034 109 $170.44 $865.43 $1,035.87 $67,312.44
Apr, 2034 110 $168.28 $867.59 $1,035.87 $66,444.85
May, 2034 111 $166.11 $869.76 $1,035.87 $65,575.09
Jun, 2034 112 $163.94 $871.93 $1,035.87 $64,703.16
Jul, 2034 113 $161.76 $874.11 $1,035.87 $63,829.04
Aug, 2034 114 $159.57 $876.30 $1,035.87 $62,952.74
Sep, 2034 115 $157.38 $878.49 $1,035.87 $62,074.25
Oct, 2034 116 $155.19 $880.69 $1,035.87 $61,193.56
Nov, 2034 117 $152.98 $882.89 $1,035.87 $60,310.68
Dec, 2034 118 $150.78 $885.10 $1,035.87 $59,425.58
Jan, 2035 119 $148.56 $887.31 $1,035.87 $58,538.27
Feb, 2035 120 $146.35 $889.53 $1,035.87 $57,648.74
Mar, 2035 121 $144.12 $891.75 $1,035.87 $56,756.99
Apr, 2035 122 $141.89 $893.98 $1,035.87 $55,863.01
May, 2035 123 $139.66 $896.21 $1,035.87 $54,966.80
Jun, 2035 124 $137.42 $898.46 $1,035.87 $54,068.34
Jul, 2035 125 $135.17 $900.70 $1,035.87 $53,167.64
Aug, 2035 126 $132.92 $902.95 $1,035.87 $52,264.69
Sep, 2035 127 $130.66 $905.21 $1,035.87 $51,359.48
Oct, 2035 128 $128.40 $907.47 $1,035.87 $50,452.00
Nov, 2035 129 $126.13 $909.74 $1,035.87 $49,542.26
Dec, 2035 130 $123.86 $912.02 $1,035.87 $48,630.25
Jan, 2036 131 $121.58 $914.30 $1,035.87 $47,715.95
Feb, 2036 132 $119.29 $916.58 $1,035.87 $46,799.37
Mar, 2036 133 $117.00 $918.87 $1,035.87 $45,880.49
Apr, 2036 134 $114.70 $921.17 $1,035.87 $44,959.32
May, 2036 135 $112.40 $923.47 $1,035.87 $44,035.85
Jun, 2036 136 $110.09 $925.78 $1,035.87 $43,110.06
Jul, 2036 137 $107.78 $928.10 $1,035.87 $42,181.97
Aug, 2036 138 $105.45 $930.42 $1,035.87 $41,251.55
Sep, 2036 139 $103.13 $932.74 $1,035.87 $40,318.80
Oct, 2036 140 $100.80 $935.08 $1,035.87 $39,383.73
Nov, 2036 141 $98.46 $937.41 $1,035.87 $38,446.32
Dec, 2036 142 $96.12 $939.76 $1,035.87 $37,506.56
Jan, 2037 143 $93.77 $942.11 $1,035.87 $36,564.45
Feb, 2037 144 $91.41 $944.46 $1,035.87 $35,619.99
Mar, 2037 145 $89.05 $946.82 $1,035.87 $34,673.17
Apr, 2037 146 $86.68 $949.19 $1,035.87 $33,723.98
May, 2037 147 $84.31 $951.56 $1,035.87 $32,772.42
Jun, 2037 148 $81.93 $953.94 $1,035.87 $31,818.48
Jul, 2037 149 $79.55 $956.33 $1,035.87 $30,862.15
Aug, 2037 150 $77.16 $958.72 $1,035.87 $29,903.43
Sep, 2037 151 $74.76 $961.11 $1,035.87 $28,942.32
Oct, 2037 152 $72.36 $963.52 $1,035.87 $27,978.80
Nov, 2037 153 $69.95 $965.93 $1,035.87 $27,012.88
Dec, 2037 154 $67.53 $968.34 $1,035.87 $26,044.54
Jan, 2038 155 $65.11 $970.76 $1,035.87 $25,073.78
Feb, 2038 156 $62.68 $973.19 $1,035.87 $24,100.59
Mar, 2038 157 $60.25 $975.62 $1,035.87 $23,124.97
Apr, 2038 158 $57.81 $978.06 $1,035.87 $22,146.91
May, 2038 159 $55.37 $980.51 $1,035.87 $21,166.40
Jun, 2038 160 $52.92 $982.96 $1,035.87 $20,183.44
Jul, 2038 161 $50.46 $985.41 $1,035.87 $19,198.03
Aug, 2038 162 $48.00 $987.88 $1,035.87 $18,210.15
Sep, 2038 163 $45.53 $990.35 $1,035.87 $17,219.81
Oct, 2038 164 $43.05 $992.82 $1,035.87 $16,226.98
Nov, 2038 165 $40.57 $995.31 $1,035.87 $15,231.68
Dec, 2038 166 $38.08 $997.79 $1,035.87 $14,233.89
Jan, 2039 167 $35.58 $1,000.29 $1,035.87 $13,233.60
Feb, 2039 168 $33.08 $1,002.79 $1,035.87 $12,230.81
Mar, 2039 169 $30.58 $1,005.30 $1,035.87 $11,225.51
Apr, 2039 170 $28.06 $1,007.81 $1,035.87 $10,217.70
May, 2039 171 $25.54 $1,010.33 $1,035.87 $9,207.38
Jun, 2039 172 $23.02 $1,012.85 $1,035.87 $8,194.52
Jul, 2039 173 $20.49 $1,015.39 $1,035.87 $7,179.14
Aug, 2039 174 $17.95 $1,017.92 $1,035.87 $6,161.21
Sep, 2039 175 $15.40 $1,020.47 $1,035.87 $5,140.74
Oct, 2039 176 $12.85 $1,023.02 $1,035.87 $4,117.72
Nov, 2039 177 $10.29 $1,025.58 $1,035.87 $3,092.14
Dec, 2039 178 $7.73 $1,028.14 $1,035.87 $2,064.00
Jan, 2040 179 $5.16 $1,030.71 $1,035.87 $1,033.29
Feb, 2040 180 $2.58 $1,033.29 $1,035.87 $0.00

Original vs. Mortgage Refinance
Original Mortgage Refinance
Monthly Payment $915.15 $1,035.87
Total Interest $128,431.86 $36,457.04
Total Principal $150,688.89 $150,000.00
Total Payment $279,120.75 $186,457.04
Closing Cost $0 $0.00
Other Expenses $0 $0.00
Interest Savings $0 $91,974.81
Total Savings $0 $92,663.71
Payoff Date Jul, 2050 Feb, 2040

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