Refinance Calculator

Ready to see how much you could save by refinancing your mortgage? Get an estimate of your overall savings and new monthly payment using today’s numbers and compare with your current home loan to see if refinancing makes the most sense for you at this time.

Loan Information
Total Interest

Your Current Mortgage Loan

Loan Amount

Enter the original loan amount for your home

Interest Rate

Enter your original loan interest rate

Loan Start Date

Enter the date of your first payment

Your Desired Mortgage Loan

Loan Payoff Amount

What is the payoff amount for your current loan?

New Interest Rate

We’re using the current average mortgage rate to calculate payments. Your actual rate may vary.

New Loan Term

Choose the length of the loan term you plan to use. Standard loan terms are 15 or 30 years.

Closing Costs

Closing costs are typically between 1-3% of the loan amount. Your current default value is 1% of the loan amount you entered, but you can enter any number to compare costs.

Cash-out Amount

A cash-out refi means your new loan amount is higher than your existing mortgage, and you’re receiving the difference in cash. Enter that cash amount here.

CALCULATE

These calculations are tools for learning more about the mortgage process and do not constitute an offer or approval of credit. Contact a PrimeLending home loan expert for actual estimates.

Here is a breakdown of your refinance estimate based on the numbers you provided. Want to see more options? Just enter new numbers to calculate and compare.

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Current payment

$1,257

per month

monthly
savings

New payment

per month

Your new payment is

per month

Current payment

Monthly Savings