Step 1
Enter Your Loan Details
Current Mortgage
Use the current balance option if you do not have loan details or paid extra principal amount
%
e.g. 03/2020
$
%
$
From your latest statement
$
From your latest statement
$
Current outstanding balance
Refinance Option A
$
%
$
Refinance Option B
$
%
$
⚙️ Advanced Scenarios
Enter when you want to be debt-free. We'll calculate the extra payment needed per option and pick the winner by total out-of-pocket (principal + interest + upfront closing costs) over that period.
Enter your planned exit date. We'll show: months to break even on upfront closing costs, and — if you enter a sale price — the net equity position for each option (Sale Price − Remaining Balance − Total Out-of-Pocket).
e.g. 06/2030
$
After agent fees & selling costs
⚠️ Please fill in all required fields for your Current Mortgage and at least one Refinance option.
💡 Quick Tips
📉A rate drop of 0.75%+ is generally a good trigger to refinance.
⏱️Break-even tells you when you recoup closing costs — plan to stay past it.
💵Rolling closing costs into the loan avoids upfront cash but increases total interest paid.
🔁Resetting to a 30-year term lowers payments but may cost more long-term — compare totals.
📅Extra monthly payments can shave years off your loan and save tens of thousands in interest.
📊 Balance Over Time
Balance remaining each year — lower curve = paid off sooner
📋 Amortization Schedule