Meet Joe's AI Avatar
Over 25 years of mortgage experience, ready to walk you through your numbers in 3 minutes.
Microphone access required
Refinance Calculator
Calculate if refinancing makes sense and see your potential monthly savings. Start a conversation with Joe's AI avatar and he'll walk you through the inputs, explain the numbers, and surface the right scenario for you.
Your Current Loan
Remaining principal on your mortgage
New Loan Details
Rate you expect to qualify for
Typically 2-5% of loan amount
Extra cash to take out of equity
Weigh the costs and benefits carefully
Monthly Savings
+$322
per month
Break-Even Point
19 months
Lifetime Savings
-$17,413
Closing Costs: $6,000 •Total Loan: $300,000
Analysis & Insights
Reducing your rate by 1.00% is a significant improvement that will save you money over the life of the loan.
You'll save $322 every month, which adds up to $3,860/year.
You'll recoup your closing costs in just 19 months.
Extending your loan term by 5 years may increase total interest paid.
After all costs, refinancing may cost you $17,413 more over the life of the loan.
Ready to see your actual rate?
Get a personalized quote based on your credit and property. It only takes a few minutes.
Get My Quote