Whether you recently closed your loan or did so many years ago, tracking interest rates could save you thousands by knowing when to refinance. The process is simple: a) first request a free, no-obligation refinance quote. b) Then input the quote into our b) breakeven calculator so that you know if a refinancing will save you money!
Use our calculator below to determine if refinancing your home loan makes sense. You can also play around with different rates and closing costs to determine when a refinance will save you money! Keep in mind that increasing the life of your loan could result in increasing your total interest on the loan, even if your monthly payment goes down.?
Savings with the New Loan
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# of Months to Breakeven on Closing Costs:?
A refinancing calculator can tell you many things, but it can’t calculate how long you plan to live in your current home. A refinancing, even if it lowers your rate, may not be worthwhile with the costs involved if you plan to move in the next couple of years.