📊 Rate & Term Refinance
Modify your interest rate and/or loan term without accessing home equity. Ideal for lowering monthly payments, changing loan terms, or removing PMI.
💰 Cash-Out Refinance
Refinance for more than your current balance and receive cash for home improvements, debt consolidation, or major expenses.
⚡ Streamline Refinance
Simplified refinance for existing FHA, VA, or USDA loans. Limited documentation, no appraisal typically required, and loan amount cannot exceed current balance plus closing costs.
🏡 Current Mortgage Details
📄 New Loan Details
💳 Closing Costs & Fees
📊 Refinance Analysis Results
Break-Even Analysis
Time needed to recover closing costs through monthly savings
Analysis in Progress
Please enter your mortgage details to see our recommendation.
📋 Detailed Comparison
| Category | Current Loan | New Loan | Difference |
|---|---|---|---|
| Monthly Payment (P&I) | $0 | $0 | $0 |
| Interest Rate | 0.00% | 0.00% | 0.00% |
| Loan Term | 0 years | 0 years | 0 years |
| Total Interest Paid | $0 | $0 | $0 |
Cash flow analysis includes closing costs, monthly savings, and tax implications.
💡 How Break-Even Analysis Works
The break-even point shows how long it takes for your monthly savings to offset the closing costs. If you plan to stay in your home longer than this period, refinancing will likely save you money. Our calculator considers interest savings, payment changes, and tax implications to give you a complete picture.