Refinance Calculator: Should I Refinance My Mortgage? - NerdWallet

Refinance calculator

Want to learn more? Read the basics

How long do you plan to stay in your home?

You should definitely refinance if you plan to stay in your home 10 years.

10 years
Monthly paymentTotal payments at year 10
Current$1,502$180,274
Refinance$1,187$150,413
Savings$316$29,861
Tweak your numbers below
10 years

Amount

Term

30

Interest rate

4.4%

Origination year

What we recommend

Compare refinance rates
Get personalized, up-to-date refinance rates.
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Talk to a refinance expert
Get advice from an expert mortgage broker who can help you maximize your refinance savings.
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Compare refinance lenders
Compare refinance lenders and find the best loan for you.
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