Is refinancing worth it?
A yes or no for how long you will stay, after closing costs.
Should I Refinance CalculatorAlso: Mortgage Refinance Calculator · Mortgage Points Calculator
8 calculators
Refinance & Payoff Calculators
Weigh a refinance against your current loan, time discount points, and see how extra payments erase interest.
Start with a question
What do you want to figure out?
How can I pay it off faster?
Extra or lump-sum payments → new payoff date and interest saved.
Mortgage Payoff CalculatorAlso: Biweekly Calculator for an Existing Mortgage · Mortgage Recast Calculator
How much can I borrow against my home?
Your equity, your loan-to-value, and how much of it a lender would let you borrow.
Home Equity CalculatorAll 8 calculators
Mortgage Refinance Calculator
Compare your current loan to a refinance: new payment, closing costs and the break-even point.
Should I Refinance Calculator
Decide if refinancing is worth it by weighing monthly savings against closing costs and time in the home.
Mortgage Payoff Calculator
See how extra monthly payments shorten your mortgage and slash the interest you pay.
Mortgage Points Calculator
Decide whether buying discount points to lower your rate pays off, and how long it takes.
Blended Rate Mortgage Calculator
Find the combined effective rate across a first mortgage and a second loan or HELOC.
Mortgage Debt Consolidation Calculator
See whether rolling high-interest debt into your mortgage lowers your total monthly cost.
Cash-Out Refinance Calculator
Refinance for more than you owe and take the difference in cash — new payment, cash in hand and new LTV.
Mortgage Recast Calculator
Make a lump-sum payment and re-amortize the smaller balance to lower your payment, same rate and payoff date.
Which one do I need?
Some of these calculators sound alike but answer different questions. Pick by what you know and what you want to find out.
Refinancing
- Should I Refinance CalculatorA yes-or-no verdict for how long you will stay, counting what you would still owe.
- Mortgage Refinance CalculatorThe full comparison: payment change, break-even, net savings and a year-by-year table.
- Cash-Out Refinance CalculatorYou want to take part of your equity out as cash.
- Mortgage Points CalculatorWhether paying points for a lower rate pays off before you move.
Paying off early
- Mortgage Payoff CalculatorExtra monthly or lump-sum payments → payoff date and interest saved, or the extra needed to finish by a target year.
- Biweekly Calculator for an Existing MortgageSwitching the loan you already have to half-payments every two weeks.
- Biweekly Mortgage CalculatorThe same idea for a new loan you are about to take.
- Mortgage Recast CalculatorA lump sum that lowers your payment instead of shortening the loan.
About these calculators
A refinance only pays off when the monthly saving outruns the closing costs before you sell or refinance again. These calculators find that break-even point, weigh discount points, and compare a cash-out or rate-and-term refinance against the loan you already have.
On the payoff side, see how extra monthly payments, a lump-sum recast or a biweekly schedule shorten the term and cut total interest. Each tool turns a vague ‘should I?’ into a dated, dollar answer.
Common questions
Refinance & Payoff calculators — frequently asked
When is it worth it to refinance?
When the monthly saving recovers the closing costs before you sell or refinance again — the break-even point. A meaningful rate drop, a shorter term, or removing FHA insurance are the common triggers; a tiny rate cut rarely justifies the costs.
How do I pay off my mortgage faster?
Add extra to principal each month, switch to biweekly payments, or make a lump-sum payment or recast — each cuts the term and total interest, since interest is charged on the remaining balance. The payoff calculators show the new date and the savings.
What is a cash-out refinance?
It replaces your mortgage with a larger one and hands you the difference in cash, at today’s rate on the whole balance.
It works best when today’s rate is at or below your current one; otherwise a home equity loan is often cheaper.
Does refinancing hurt your credit?
Only slightly and briefly. The lender’s hard credit pull and the new account dip your score a few points, an effect that fades within months and is usually outweighed by the savings a good refinance delivers.