Recalculate
Refinancing could save you $129 per month
Details
Graphs
Details
You’ll recover the cost of refinancing your loan after 11 years, 2 months. If you plan on staying in your home for longer than this time, now may be a good time to refinance.
| Existing Loan | Proposed Loan | |
|---|---|---|
| # of payments | 300 | 360 |
| Monthly payment | $1,199 | $1,074 |
| Total interest paid | $159,730 | $186,512 |
Time to Break Even
Monthly Savings
Lifetime Savings
