Refinance Savings Calculator
This page compares your current mortgage payment to a possible new refinance payment, based on simple estimates. It shows approximate monthly savings and long-term difference over a time frame you choose.
What this page does
You enter your current balance, rate, and remaining term, plus a possible new rate and term. We estimate:
the current payment, the new payment, and approximate monthly and total savings over X years.
1. Your Current Loan
$
Approximate payoff amount or current principal balance.
Not APR. Use the note rate from your statement.
If you're not sure, estimate based on time since you took the loan.
2. Possible New Loan
Extending the term can lower payments but increase total interest.
$
Including lender, title, escrow, etc. Bill can refine this later.
How long you expect to keep the new loan.
This tool is a high-level estimate. It does not include mortgage insurance changes, escrow adjustments, recapture of prepaids, tax effects, or all fees. Bill will run detailed scenarios before any decision.
3. Approximate Savings
Enter your details and click "Estimate"
We'll show an estimated current vs new payment, monthly savings, and total difference over your time frame.
For a more detailed break-even analysis that includes closing costs only, you can also use the Refi Break-Even Calculator. Bill will combine both views with your real numbers before you decide.