Refinance Calculator

Mortgage refinancing replaces your current home loan with a new loan containing updated terms, interest rates, or loan durations. Borrowers typically refinance to secure lower monthly payments, reduce total interest paid, or shorten their repayment timeline.

A prestação mensal é calculada utilizando a fórmula padrão de amortização com base no valor principal, taxa de juros e prazo total.

Refinance closing costs typically range between 2% and 5% of the total loan balance, including lender origination fees, home appraisal fees, title insurance, and recording fees.

Refinancing is advantageous when market interest rates drop at least 0.75% to 1.0% below your current rate, your credit score has improved significantly, or you plan to stay in the home longer than the break-even period.

Yes. Resetting a remaining 20-year mortgage back to a new 30-year loan will lower your immediate monthly payment, but may increase total lifetime interest costs unless your new interest rate is substantially lower.