RefiCalc: Refinance Calculator

TipTinker

Contains adsIn-app purchases

About this app

Compare your current mortgage with a refinance offer side by side and find out whether switching is worth the closing costs.

• Enter your balance, rate and years left, then the new rate, term, costs and any cash-out
• See the monthly payment change and break-even time at a glance
• Compare remaining interest, total paid and total cost difference
• Set how long you plan to keep the loan to see what you will have paid, what you will still owe and your net savings by then
• Follow cumulative savings on a chart and in a year-by-year table
• The same-term check shows how much of a lower payment comes only from stretching the loan term
• Weigh discount points against the lower rate they buy: cost, monthly saving and break-even
• Pay closing costs upfront or roll them into the new loan
• Start from presets: rate cut, shorter term, cash-out or high-cost offer
• Save offers from different lenders as named scenarios
• Share a summary of the results

Numbers update as you type, so you can test offers in seconds.

What’s new

Performance improvements and bug fixes