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Mortgage Refinance & Extra-Payment Analyzer

Compare keeping your current mortgage, refinancing, making extra payments, or combining both, so you can see whether refinancing would actually pay off.

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Before You Begin

  • Results are estimates, for education only. This tool doesn't recommend a lender and doesn't treat any potential tax deduction as a guaranteed savings.
  • "Rate-and-term" refinancing (lowering your rate or changing your term) is different from "cash-out" refinancing (borrowing more against your home). Review both the simple and total-cost break-even figures below before deciding.
  • Everything you enter stays in your own browser on this device. We don't send it to a server or store it on our end. Closing your browser's site data, or using "Clear my data" below, permanently deletes it.
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Does your current loan have a prepayment penalty?

A note on guardrails This tool doesn't recommend a lender and doesn't treat any potential tax deduction as a guaranteed savings. Rate-and-term refinancing and cash-out refinancing are shown together here, but they're different financial decisions, review the cash-out warning above closely if that applies to you. Compare official Loan Estimates from real lenders before deciding.