Refinance Calculator

Calculate your savings and break-even point

Current Balance: $380,000

Current Rate: 7.500%

Years Remaining: 28

New Rate: 6.500%

New Term (years): 30

Closing Costs: $5,000

Monthly Savings

$307

Break-Even Point

16.3 months

Current Payment$2,709

New Payment$2,402

Monthly Savings$307

Annual Savings$3,684

✓ Good refinance opportunity! You'll break even in less than 2 years.

Ready to refinance and save?

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Free, no-obligation quote | CA DRE #01212512

Rates shown are for informational purposes only. Actual rates may vary based on credit score, loan amount, property type, and other factors.