Refinance Comparison Calculator
See if refinancing actually saves you money — monthly payment, break-even point, and total cost, side by side.
Your Current Loan
Your New Loan
Leave at $0 for a standard rate-and-term refinance.
If you'll move or refinance again before you break even on closing costs, refinancing may not be worth it — try shortening this and watch the verdict change.
"Cost" here means interest paid over this period, plus closing costs if you don't finance them. Principal isn't counted — it builds the same equity either way.
Monthly Payment & Break-Even
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These are estimates. Talk to a licensed loan officer for a personalized refinance quote based on your credit and goals.
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Email yourself this comparison, and we'll follow up with real numbers when you're ready.
Disclaimer: This calculator provides estimates for informational purposes only, based on the assumptions you enter. It does not include escrowed taxes, insurance, PMI, or income tax effects of mortgage interest, and actual refinance rates, terms, and closing costs will vary by lender and borrower. Contact Hometown Mortgage Co. for a personalized quote.