Mortgage Refinancing Calculator

This calculator will help you to decide whether or not you should refinance your current mortgage at a lower interest rate. Not only will this calculator calculate the monthly payment and net interest savings, but it will also calculate how many months it will take to break even on the closing costs.

Principal balance of mortgage

Monthly mortgage payment (Principal & Interest only):

Mortgage’s current interest rate:

Refinanced interest rate

Refinanced loan term (in years)

Enter the closing costs

Would you like to finance the closing costs?


New monthly payment after refinance

Monthly Payment Reduction:

# of months for interest savings to offset closing costs:

Monthly interest under current payment plan

Monthly interest when refinanced

Amount of interest saved if refinancing

Net Refinancing Savings (interest savings less closing costs)

Eugene Office

260 Country Club Road, Suite 120
Eugene, Oregon 97401
Phone: 541-687-9794
Fax: 541-687-0924
Get Directions

Springfield Office

1570 Mohawk Boulevard
Springfield, Oregon 97477
Phone: 541-741-1981
Fax: 541-741-0569
Get Directions

Eugene Office

260 Country Club Road, Suite 120
Eugene, Oregon 97401
Phone: 541-687-9794
Fax: 541-687-0924
Get Directions

Springfield Office

1570 Mohawk Boulevard
Springfield, Oregon 97477
Phone: 541-741-1981
Fax: 541-741-0569
Get Directions