Loan Refinance Calculator

Loan Refinance Calculator to quickly calculate how much you can save on your home loan by refinancing your current mortgage. Refinance calculator is useful for home buyers who wants to save money when interest goes lower.

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:
$1,738.50
Payoff Date:
Apr, 2037
Closing Cost:
$900.00
Other Expenses:
$200.00
Interest Savings:
$66,671.21
Total Savings:
$65,571.21

Mortgage Refinance Amortization Schedule

Payment Date Payment # Interest Paid Principal Paid Total Payment Remaining Balance
May, 2022 1 $645.83 $1,092.67 $1,738.50 $248,907.33
Jun, 2022 2 $643.01 $1,095.49 $1,738.50 $247,811.84
Jul, 2022 3 $640.18 $1,098.32 $1,738.50 $246,713.52
Aug, 2022 4 $637.34 $1,101.16 $1,738.50 $245,612.36
Sep, 2022 5 $634.50 $1,104.00 $1,738.50 $244,508.35
Oct, 2022 6 $631.65 $1,106.86 $1,738.50 $243,401.49
Nov, 2022 7 $628.79 $1,109.72 $1,738.50 $242,291.78
Dec, 2022 8 $625.92 $1,112.58 $1,738.50 $241,179.20
Jan, 2023 9 $623.05 $1,115.46 $1,738.50 $240,063.74
Feb, 2023 10 $620.16 $1,118.34 $1,738.50 $238,945.40
Mar, 2023 11 $617.28 $1,121.23 $1,738.50 $237,824.17
Apr, 2023 12 $614.38 $1,124.12 $1,738.50 $236,700.05
May, 2023 13 $611.48 $1,127.03 $1,738.50 $235,573.02
Jun, 2023 14 $608.56 $1,129.94 $1,738.50 $234,443.08
Jul, 2023 15 $605.64 $1,132.86 $1,738.50 $233,310.22
Aug, 2023 16 $602.72 $1,135.79 $1,738.50 $232,174.44
Sep, 2023 17 $599.78 $1,138.72 $1,738.50 $231,035.72
Oct, 2023 18 $596.84 $1,141.66 $1,738.50 $229,894.06
Nov, 2023 19 $593.89 $1,144.61 $1,738.50 $228,749.45
Dec, 2023 20 $590.94 $1,147.57 $1,738.50 $227,601.88
Jan, 2024 21 $587.97 $1,150.53 $1,738.50 $226,451.35
Feb, 2024 22 $585.00 $1,153.50 $1,738.50 $225,297.84
Mar, 2024 23 $582.02 $1,156.48 $1,738.50 $224,141.36
Apr, 2024 24 $579.03 $1,159.47 $1,738.50 $222,981.89
May, 2024 25 $576.04 $1,162.47 $1,738.50 $221,819.42
Jun, 2024 26 $573.03 $1,165.47 $1,738.50 $220,653.95
Jul, 2024 27 $570.02 $1,168.48 $1,738.50 $219,485.47
Aug, 2024 28 $567.00 $1,171.50 $1,738.50 $218,313.97
Sep, 2024 29 $563.98 $1,174.53 $1,738.50 $217,139.45
Oct, 2024 30 $560.94 $1,177.56 $1,738.50 $215,961.89
Nov, 2024 31 $557.90 $1,180.60 $1,738.50 $214,781.29
Dec, 2024 32 $554.85 $1,183.65 $1,738.50 $213,597.64
Jan, 2025 33 $551.79 $1,186.71 $1,738.50 $212,410.93
Feb, 2025 34 $548.73 $1,189.77 $1,738.50 $211,221.15
Mar, 2025 35 $545.65 $1,192.85 $1,738.50 $210,028.30
Apr, 2025 36 $542.57 $1,195.93 $1,738.50 $208,832.37
May, 2025 37 $539.48 $1,199.02 $1,738.50 $207,633.35
Jun, 2025 38 $536.39 $1,202.12 $1,738.50 $206,431.24
Jul, 2025 39 $533.28 $1,205.22 $1,738.50 $205,226.01
Aug, 2025 40 $530.17 $1,208.34 $1,738.50 $204,017.68
Sep, 2025 41 $527.05 $1,211.46 $1,738.50 $202,806.22
Oct, 2025 42 $523.92 $1,214.59 $1,738.50 $201,591.63
Nov, 2025 43 $520.78 $1,217.72 $1,738.50 $200,373.91
Dec, 2025 44 $517.63 $1,220.87 $1,738.50 $199,153.04
Jan, 2026 45 $514.48 $1,224.02 $1,738.50 $197,929.01
Feb, 2026 46 $511.32 $1,227.19 $1,738.50 $196,701.83
Mar, 2026 47 $508.15 $1,230.36 $1,738.50 $195,471.47
Apr, 2026 48 $504.97 $1,233.54 $1,738.50 $194,237.93
May, 2026 49 $501.78 $1,236.72 $1,738.50 $193,001.21
Jun, 2026 50 $498.59 $1,239.92 $1,738.50 $191,761.30
Jul, 2026 51 $495.38 $1,243.12 $1,738.50 $190,518.18
Aug, 2026 52 $492.17 $1,246.33 $1,738.50 $189,271.85
Sep, 2026 53 $488.95 $1,249.55 $1,738.50 $188,022.29
Oct, 2026 54 $485.72 $1,252.78 $1,738.50 $186,769.52
Nov, 2026 55 $482.49 $1,256.02 $1,738.50 $185,513.50
Dec, 2026 56 $479.24 $1,259.26 $1,738.50 $184,254.24
Jan, 2027 57 $475.99 $1,262.51 $1,738.50 $182,991.73
Feb, 2027 58 $472.73 $1,265.77 $1,738.50 $181,725.95
Mar, 2027 59 $469.46 $1,269.04 $1,738.50 $180,456.91
Apr, 2027 60 $466.18 $1,272.32 $1,738.50 $179,184.59
May, 2027 61 $462.89 $1,275.61 $1,738.50 $177,908.98
Jun, 2027 62 $459.60 $1,278.90 $1,738.50 $176,630.07
Jul, 2027 63 $456.29 $1,282.21 $1,738.50 $175,347.86
Aug, 2027 64 $452.98 $1,285.52 $1,738.50 $174,062.34
Sep, 2027 65 $449.66 $1,288.84 $1,738.50 $172,773.50
Oct, 2027 66 $446.33 $1,292.17 $1,738.50 $171,481.33
Nov, 2027 67 $442.99 $1,295.51 $1,738.50 $170,185.82
Dec, 2027 68 $439.65 $1,298.86 $1,738.50 $168,886.96
Jan, 2028 69 $436.29 $1,302.21 $1,738.50 $167,584.75
Feb, 2028 70 $432.93 $1,305.58 $1,738.50 $166,279.17
Mar, 2028 71 $429.55 $1,308.95 $1,738.50 $164,970.22
Apr, 2028 72 $426.17 $1,312.33 $1,738.50 $163,657.89
May, 2028 73 $422.78 $1,315.72 $1,738.50 $162,342.17
Jun, 2028 74 $419.38 $1,319.12 $1,738.50 $161,023.06
Jul, 2028 75 $415.98 $1,322.53 $1,738.50 $159,700.53
Aug, 2028 76 $412.56 $1,325.94 $1,738.50 $158,374.58
Sep, 2028 77 $409.13 $1,329.37 $1,738.50 $157,045.22
Oct, 2028 78 $405.70 $1,332.80 $1,738.50 $155,712.41
Nov, 2028 79 $402.26 $1,336.25 $1,738.50 $154,376.17
Dec, 2028 80 $398.81 $1,339.70 $1,738.50 $153,036.47
Jan, 2029 81 $395.34 $1,343.16 $1,738.50 $151,693.31
Feb, 2029 82 $391.87 $1,346.63 $1,738.50 $150,346.68
Mar, 2029 83 $388.40 $1,350.11 $1,738.50 $148,996.57
Apr, 2029 84 $384.91 $1,353.60 $1,738.50 $147,642.98
May, 2029 85 $381.41 $1,357.09 $1,738.50 $146,285.89
Jun, 2029 86 $377.91 $1,360.60 $1,738.50 $144,925.29
Jul, 2029 87 $374.39 $1,364.11 $1,738.50 $143,561.18
Aug, 2029 88 $370.87 $1,367.64 $1,738.50 $142,193.54
Sep, 2029 89 $367.33 $1,371.17 $1,738.50 $140,822.37
Oct, 2029 90 $363.79 $1,374.71 $1,738.50 $139,447.66
Nov, 2029 91 $360.24 $1,378.26 $1,738.50 $138,069.39
Dec, 2029 92 $356.68 $1,381.82 $1,738.50 $136,687.57
Jan, 2030 93 $353.11 $1,385.39 $1,738.50 $135,302.18
Feb, 2030 94 $349.53 $1,388.97 $1,738.50 $133,913.20
Mar, 2030 95 $345.94 $1,392.56 $1,738.50 $132,520.64
Apr, 2030 96 $342.34 $1,396.16 $1,738.50 $131,124.48
May, 2030 97 $338.74 $1,399.76 $1,738.50 $129,724.72
Jun, 2030 98 $335.12 $1,403.38 $1,738.50 $128,321.34
Jul, 2030 99 $331.50 $1,407.01 $1,738.50 $126,914.33
Aug, 2030 100 $327.86 $1,410.64 $1,738.50 $125,503.69
Sep, 2030 101 $324.22 $1,414.29 $1,738.50 $124,089.41
Oct, 2030 102 $320.56 $1,417.94 $1,738.50 $122,671.47
Nov, 2030 103 $316.90 $1,421.60 $1,738.50 $121,249.86
Dec, 2030 104 $313.23 $1,425.27 $1,738.50 $119,824.59
Jan, 2031 105 $309.55 $1,428.96 $1,738.50 $118,395.63
Feb, 2031 106 $305.86 $1,432.65 $1,738.50 $116,962.99
Mar, 2031 107 $302.15 $1,436.35 $1,738.50 $115,526.64
Apr, 2031 108 $298.44 $1,440.06 $1,738.50 $114,086.58
May, 2031 109 $294.72 $1,443.78 $1,738.50 $112,642.80
Jun, 2031 110 $290.99 $1,447.51 $1,738.50 $111,195.29
Jul, 2031 111 $287.25 $1,451.25 $1,738.50 $109,744.04
Aug, 2031 112 $283.51 $1,455.00 $1,738.50 $108,289.04
Sep, 2031 113 $279.75 $1,458.76 $1,738.50 $106,830.29
Oct, 2031 114 $275.98 $1,462.52 $1,738.50 $105,367.76
Nov, 2031 115 $272.20 $1,466.30 $1,738.50 $103,901.46
Dec, 2031 116 $268.41 $1,470.09 $1,738.50 $102,431.37
Jan, 2032 117 $264.61 $1,473.89 $1,738.50 $100,957.48
Feb, 2032 118 $260.81 $1,477.70 $1,738.50 $99,479.78
Mar, 2032 119 $256.99 $1,481.51 $1,738.50 $97,998.27
Apr, 2032 120 $253.16 $1,485.34 $1,738.50 $96,512.93
May, 2032 121 $249.33 $1,489.18 $1,738.50 $95,023.75
Jun, 2032 122 $245.48 $1,493.03 $1,738.50 $93,530.72
Jul, 2032 123 $241.62 $1,496.88 $1,738.50 $92,033.84
Aug, 2032 124 $237.75 $1,500.75 $1,738.50 $90,533.09
Sep, 2032 125 $233.88 $1,504.63 $1,738.50 $89,028.47
Oct, 2032 126 $229.99 $1,508.51 $1,738.50 $87,519.95
Nov, 2032 127 $226.09 $1,512.41 $1,738.50 $86,007.54
Dec, 2032 128 $222.19 $1,516.32 $1,738.50 $84,491.23
Jan, 2033 129 $218.27 $1,520.23 $1,738.50 $82,970.99
Feb, 2033 130 $214.34 $1,524.16 $1,738.50 $81,446.83
Mar, 2033 131 $210.40 $1,528.10 $1,738.50 $79,918.73
Apr, 2033 132 $206.46 $1,532.05 $1,738.50 $78,386.69
May, 2033 133 $202.50 $1,536.00 $1,738.50 $76,850.68
Jun, 2033 134 $198.53 $1,539.97 $1,738.50 $75,310.71
Jul, 2033 135 $194.55 $1,543.95 $1,738.50 $73,766.76
Aug, 2033 136 $190.56 $1,547.94 $1,738.50 $72,218.82
Sep, 2033 137 $186.57 $1,551.94 $1,738.50 $70,666.88
Oct, 2033 138 $182.56 $1,555.95 $1,738.50 $69,110.94
Nov, 2033 139 $178.54 $1,559.97 $1,738.50 $67,550.97
Dec, 2033 140 $174.51 $1,564.00 $1,738.50 $65,986.97
Jan, 2034 141 $170.47 $1,568.04 $1,738.50 $64,418.94
Feb, 2034 142 $166.42 $1,572.09 $1,738.50 $62,846.85
Mar, 2034 143 $162.35 $1,576.15 $1,738.50 $61,270.70
Apr, 2034 144 $158.28 $1,580.22 $1,738.50 $59,690.48
May, 2034 145 $154.20 $1,584.30 $1,738.50 $58,106.18
Jun, 2034 146 $150.11 $1,588.40 $1,738.50 $56,517.78
Jul, 2034 147 $146.00 $1,592.50 $1,738.50 $54,925.28
Aug, 2034 148 $141.89 $1,596.61 $1,738.50 $53,328.67
Sep, 2034 149 $137.77 $1,600.74 $1,738.50 $51,727.93
Oct, 2034 150 $133.63 $1,604.87 $1,738.50 $50,123.06
Nov, 2034 151 $129.48 $1,609.02 $1,738.50 $48,514.04
Dec, 2034 152 $125.33 $1,613.18 $1,738.50 $46,900.87
Jan, 2035 153 $121.16 $1,617.34 $1,738.50 $45,283.52
Feb, 2035 154 $116.98 $1,621.52 $1,738.50 $43,662.00
Mar, 2035 155 $112.79 $1,625.71 $1,738.50 $42,036.29
Apr, 2035 156 $108.59 $1,629.91 $1,738.50 $40,406.38
May, 2035 157 $104.38 $1,634.12 $1,738.50 $38,772.26
Jun, 2035 158 $100.16 $1,638.34 $1,738.50 $37,133.92
Jul, 2035 159 $95.93 $1,642.57 $1,738.50 $35,491.35
Aug, 2035 160 $91.69 $1,646.82 $1,738.50 $33,844.53
Sep, 2035 161 $87.43 $1,651.07 $1,738.50 $32,193.46
Oct, 2035 162 $83.17 $1,655.34 $1,738.50 $30,538.12
Nov, 2035 163 $78.89 $1,659.61 $1,738.50 $28,878.51
Dec, 2035 164 $74.60 $1,663.90 $1,738.50 $27,214.61
Jan, 2036 165 $70.30 $1,668.20 $1,738.50 $25,546.41
Feb, 2036 166 $65.99 $1,672.51 $1,738.50 $23,873.90
Mar, 2036 167 $61.67 $1,676.83 $1,738.50 $22,197.07
Apr, 2036 168 $57.34 $1,681.16 $1,738.50 $20,515.91
May, 2036 169 $53.00 $1,685.50 $1,738.50 $18,830.41
Jun, 2036 170 $48.65 $1,689.86 $1,738.50 $17,140.55
Jul, 2036 171 $44.28 $1,694.22 $1,738.50 $15,446.33
Aug, 2036 172 $39.90 $1,698.60 $1,738.50 $13,747.73
Sep, 2036 173 $35.51 $1,702.99 $1,738.50 $12,044.74
Oct, 2036 174 $31.12 $1,707.39 $1,738.50 $10,337.35
Nov, 2036 175 $26.70 $1,711.80 $1,738.50 $8,625.55
Dec, 2036 176 $22.28 $1,716.22 $1,738.50 $6,909.33
Jan, 2037 177 $17.85 $1,720.65 $1,738.50 $5,188.68
Feb, 2037 178 $13.40 $1,725.10 $1,738.50 $3,463.58
Mar, 2037 179 $8.95 $1,729.56 $1,738.50 $1,734.02
Apr, 2037 180 $4.48 $1,734.02 $1,738.50 $0.00

Original vs. Mortgage Refinance

Original Mortgage Refinance
Monthly Payment $1,246.87 $1,738.50
Total Interest $129,601.78 $62,930.57
Total Principal $250,000.00 $250,000.00
Total Payment $379,601.78 $312,930.57
Closing Cost $0 $900.00
Other Expenses $0 $200.00
Total Interest Savings $0 $66,671.21
Total Savings $0 $65,571.21
Payoff Date Sep, 2047 Apr, 2037

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