30-year Refinance Calculator
Estimate refinance savings for a 30-year loan. Enter current loan, new rate, and costs to see break-even and total savings.
Calculate your payment
Enter values to calculate.
How it works
We compare current payment and balance to new 30-year terms and compute break-even point and net savings.
When to use it
Use when deciding whether to refinance and which term to choose.
Frequently asked questions
How is break-even calculated?
We compare monthly savings to closing costs to find when savings cover costs.
Are closing costs included?
Enter your estimated costs; we use them in the break-even calculation.
When does a 30-year refinance make sense?
When the rate drop and monthly savings justify closing costs within your planned time in the home.