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Refinancing Calculator

Does refinancing make sense for you? Calculate how much you could save by refinancing and see what your new monthly payments would be. These results are provided for illustrative purposes and may vary from your actual loan.

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Step 1: Your existing mortgage


Step 2: Your refinanced mortgage


Refinancing closing costs are typically 1 to 4% of the new loan amount.

Step 3: See your results

These results assume a fixed interest rate on your refinanced mortgage.

Refinancing could increase your monthly payment by this amount per month:


Current monthly payment


New monthly payment


Refinancing over the life of your new loan, including closing costs, could save you this amount:


If you refinance, your monthly savings could balance out your closing costs in:

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