Mortgage Refinance Calculator
Educational calculators — always consult a licensed professional before making financial decisions.
Check your latest mortgage statement for your payoff balance.
Found on your mortgage statement or closing documents.
A 30-year mortgage taken 5 years ago has ~300 months remaining.
Current 30-yr fixed average is around 6.5–7%.
A shorter term builds equity faster but increases monthly payments.
Maximizes monthly savings on payment. Best if cash flow is the priority over interest savings.
Typically 2–5% of the loan balance. Ask your lender for a Loan Estimate.
Monthly savings
+$300
Break-even in 17 months
Current Loan vs. Refinanced
Net lifetime analysis
Based on
Refinance estimates are for educational purposes only. Actual rates, closing costs, and terms vary by lender. Consult a licensed mortgage professional.
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Cost ranges and rates here are checked against contractor quotes and published industry data. If a number still looks off, email Support@RealCostIQ.com and we'll review and fix it.