Inputs
- Current Loan Balance
- Current Interest Rate
- Years Remaining on Current Loan
- New Rate Offer
- New Loan Term (Years)
- Refinance Closing Costs
Saved Scenarios
— select 2+ to compare| Metric | |
|---|---|
Results
Monthly Savings
$283.79
Break-Even Point (Months)
21.1
Current Monthly Payment
$1,962.53
New Monthly Payment
$1,678.74
Total Interest Difference
$31,514
Penny says