See whether refinancing actually saves you money — including how long it takes to recoup the closing costs.
Your Current Loan
New Refinance Offer
Monthly Payment Change
📄 Keep current loan
Monthly payment
Remaining interest
Remaining total cost
🔄 Refinance
New monthly payment
Total interest (new term)
Total cost (incl. fees)
“Total cost” compares what’s left to pay under each option from today forward. If your new term is longer than your remaining current term, refinancing can lower your monthly payment while still costing more in total interest — the breakdown above shows both effects separately.
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