Refinance Analyzer
Understand your refinance math. Make your own decisions. Take control of your future.
See your monthly savings, breakeven point, and lifetime interest savings from refinancing.
Current Loan
New Loan
Results
Educational disclaimer: All content on WealthSerene.com is for educational purposes only and does not constitute investment advice. Projections and calculations are illustrative — actual results will vary based on market conditions, your specific situation, and many factors outside this tool’s scope. Always consult a qualified financial professional for advice specific to your situation. View full disclosures →
How this is calculated
We compare your current mortgage payment to a new one and divide your closing costs by the monthly savings to find your break-even point.
The steps
- Compute the monthly payment on your current loan and on the proposed new loan (amortization formula).
- Monthly savings = old payment − new payment.
- Break-even months = closing costs ÷ monthly savings.
- Compare lifetime interest on each loan.
Assumptions
- Both loans use fixed rates and the terms you enter.
Good to know
- Resetting the term can raise lifetime interest even if the payment drops; ignores tax effects.
Related resources
Educational disclaimer: All content on WealthSerene.com is for educational purposes only and does not constitute investment advice. Projections and calculations are illustrative — actual results will vary based on market conditions, your specific situation, and many factors outside this tool’s scope. Always consult a qualified financial professional for advice specific to your situation. View full disclosures →