| Home | Mortgage Calculator | Extra Payments | Biweekly | Payoff | Interest Only | ARM | Discount Points | Commercial |
Mortgage Refinance Calculator is a tool to help homeowners calculate how much they will save by refinancing their home mortgage.
Mortgage Refinance Calculator Results |
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New Monthly Payment: |
$3,442.47 | |||||
Payoff Date: |
Apr, 2038 | |||||
Closing Cost: |
$0.00 | |||||
Other Expenses: |
$0.00 | |||||
Interest Savings: |
$388,426.13 | |||||
Total Savings: |
$388,426.13 | |||||
Mortgage Refinance Amortization Schedule |
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| Payment Date | Payment # | Interest Paid | Principal Paid | Total Payment | Remaining Balance | |
|---|---|---|---|---|---|---|
| May, 2023 | 1 | $1,687.50 | $1,754.97 | $3,442.47 | $448,245.03 | |
| Jun, 2023 | 2 | $1,680.92 | $1,761.55 | $3,442.47 | $446,483.48 | |
| Jul, 2023 | 3 | $1,674.31 | $1,768.16 | $3,442.47 | $444,715.32 | |
| Aug, 2023 | 4 | $1,667.68 | $1,774.79 | $3,442.47 | $442,940.54 | |
| Sep, 2023 | 5 | $1,661.03 | $1,781.44 | $3,442.47 | $441,159.09 | |
| Oct, 2023 | 6 | $1,654.35 | $1,788.12 | $3,442.47 | $439,370.97 | |
| Nov, 2023 | 7 | $1,647.64 | $1,794.83 | $3,442.47 | $437,576.14 | |
| Dec, 2023 | 8 | $1,640.91 | $1,801.56 | $3,442.47 | $435,774.58 | |
| Jan, 2024 | 9 | $1,634.15 | $1,808.32 | $3,442.47 | $433,966.27 | |
| Feb, 2024 | 10 | $1,627.37 | $1,815.10 | $3,442.47 | $432,151.17 | |
| Mar, 2024 | 11 | $1,620.57 | $1,821.90 | $3,442.47 | $430,329.27 | |
| Apr, 2024 | 12 | $1,613.73 | $1,828.74 | $3,442.47 | $428,500.53 | |
| May, 2024 | 13 | $1,606.88 | $1,835.59 | $3,442.47 | $426,664.94 | |
| Jun, 2024 | 14 | $1,599.99 | $1,842.48 | $3,442.47 | $424,822.46 | |
| Jul, 2024 | 15 | $1,593.08 | $1,849.39 | $3,442.47 | $422,973.08 | |
| Aug, 2024 | 16 | $1,586.15 | $1,856.32 | $3,442.47 | $421,116.76 | |
| Sep, 2024 | 17 | $1,579.19 | $1,863.28 | $3,442.47 | $419,253.47 | |
| Oct, 2024 | 18 | $1,572.20 | $1,870.27 | $3,442.47 | $417,383.21 | |
| Nov, 2024 | 19 | $1,565.19 | $1,877.28 | $3,442.47 | $415,505.92 | |
| Dec, 2024 | 20 | $1,558.15 | $1,884.32 | $3,442.47 | $413,621.60 | |
| Jan, 2025 | 21 | $1,551.08 | $1,891.39 | $3,442.47 | $411,730.21 | |
| Feb, 2025 | 22 | $1,543.99 | $1,898.48 | $3,442.47 | $409,831.73 | |
| Mar, 2025 | 23 | $1,536.87 | $1,905.60 | $3,442.47 | $407,926.13 | |
| Apr, 2025 | 24 | $1,529.72 | $1,912.75 | $3,442.47 | $406,013.38 | |
| May, 2025 | 25 | $1,522.55 | $1,919.92 | $3,442.47 | $404,093.46 | |
| Jun, 2025 | 26 | $1,515.35 | $1,927.12 | $3,442.47 | $402,166.34 | |
| Jul, 2025 | 27 | $1,508.12 | $1,934.35 | $3,442.47 | $400,232.00 | |
| Aug, 2025 | 28 | $1,500.87 | $1,941.60 | $3,442.47 | $398,290.40 | |
| Sep, 2025 | 29 | $1,493.59 | $1,948.88 | $3,442.47 | $396,341.52 | |
| Oct, 2025 | 30 | $1,486.28 | $1,956.19 | $3,442.47 | $394,385.33 | |
| Nov, 2025 | 31 | $1,478.94 | $1,963.52 | $3,442.47 | $392,421.80 | |
| Dec, 2025 | 32 | $1,471.58 | $1,970.89 | $3,442.47 | $390,450.91 | |
| Jan, 2026 | 33 | $1,464.19 | $1,978.28 | $3,442.47 | $388,472.64 | |
| Feb, 2026 | 34 | $1,456.77 | $1,985.70 | $3,442.47 | $386,486.94 | |
| Mar, 2026 | 35 | $1,449.33 | $1,993.14 | $3,442.47 | $384,493.79 | |
| Apr, 2026 | 36 | $1,441.85 | $2,000.62 | $3,442.47 | $382,493.18 | |
| May, 2026 | 37 | $1,434.35 | $2,008.12 | $3,442.47 | $380,485.06 | |
| Jun, 2026 | 38 | $1,426.82 | $2,015.65 | $3,442.47 | $378,469.40 | |
| Jul, 2026 | 39 | $1,419.26 | $2,023.21 | $3,442.47 | $376,446.20 | |
| Aug, 2026 | 40 | $1,411.67 | $2,030.80 | $3,442.47 | $374,415.40 | |
| Sep, 2026 | 41 | $1,404.06 | $2,038.41 | $3,442.47 | $372,376.99 | |
| Oct, 2026 | 42 | $1,396.41 | $2,046.06 | $3,442.47 | $370,330.93 | |
| Nov, 2026 | 43 | $1,388.74 | $2,053.73 | $3,442.47 | $368,277.20 | |
| Dec, 2026 | 44 | $1,381.04 | $2,061.43 | $3,442.47 | $366,215.77 | |
| Jan, 2027 | 45 | $1,373.31 | $2,069.16 | $3,442.47 | $364,146.61 | |
| Feb, 2027 | 46 | $1,365.55 | $2,076.92 | $3,442.47 | $362,069.69 | |
| Mar, 2027 | 47 | $1,357.76 | $2,084.71 | $3,442.47 | $359,984.98 | |
| Apr, 2027 | 48 | $1,349.94 | $2,092.53 | $3,442.47 | $357,892.46 | |
| May, 2027 | 49 | $1,342.10 | $2,100.37 | $3,442.47 | $355,792.08 | |
| Jun, 2027 | 50 | $1,334.22 | $2,108.25 | $3,442.47 | $353,683.83 | |
| Jul, 2027 | 51 | $1,326.31 | $2,116.16 | $3,442.47 | $351,567.68 | |
| Aug, 2027 | 52 | $1,318.38 | $2,124.09 | $3,442.47 | $349,443.59 | |
| Sep, 2027 | 53 | $1,310.41 | $2,132.06 | $3,442.47 | $347,311.53 | |
| Oct, 2027 | 54 | $1,302.42 | $2,140.05 | $3,442.47 | $345,171.48 | |
| Nov, 2027 | 55 | $1,294.39 | $2,148.08 | $3,442.47 | $343,023.40 | |
| Dec, 2027 | 56 | $1,286.34 | $2,156.13 | $3,442.47 | $340,867.27 | |
| Jan, 2028 | 57 | $1,278.25 | $2,164.22 | $3,442.47 | $338,703.05 | |
| Feb, 2028 | 58 | $1,270.14 | $2,172.33 | $3,442.47 | $336,530.72 | |
| Mar, 2028 | 59 | $1,261.99 | $2,180.48 | $3,442.47 | $334,350.24 | |
| Apr, 2028 | 60 | $1,253.81 | $2,188.66 | $3,442.47 | $332,161.58 | |
| May, 2028 | 61 | $1,245.61 | $2,196.86 | $3,442.47 | $329,964.72 | |
| Jun, 2028 | 62 | $1,237.37 | $2,205.10 | $3,442.47 | $327,759.62 | |
| Jul, 2028 | 63 | $1,229.10 | $2,213.37 | $3,442.47 | $325,546.25 | |
| Aug, 2028 | 64 | $1,220.80 | $2,221.67 | $3,442.47 | $323,324.58 | |
| Sep, 2028 | 65 | $1,212.47 | $2,230.00 | $3,442.47 | $321,094.57 | |
| Oct, 2028 | 66 | $1,204.10 | $2,238.37 | $3,442.47 | $318,856.21 | |
| Nov, 2028 | 67 | $1,195.71 | $2,246.76 | $3,442.47 | $316,609.45 | |
| Dec, 2028 | 68 | $1,187.29 | $2,255.18 | $3,442.47 | $314,354.26 | |
| Jan, 2029 | 69 | $1,178.83 | $2,263.64 | $3,442.47 | $312,090.62 | |
| Feb, 2029 | 70 | $1,170.34 | $2,272.13 | $3,442.47 | $309,818.49 | |
| Mar, 2029 | 71 | $1,161.82 | $2,280.65 | $3,442.47 | $307,537.84 | |
| Apr, 2029 | 72 | $1,153.27 | $2,289.20 | $3,442.47 | $305,248.64 | |
| May, 2029 | 73 | $1,144.68 | $2,297.79 | $3,442.47 | $302,950.85 | |
| Jun, 2029 | 74 | $1,136.07 | $2,306.40 | $3,442.47 | $300,644.45 | |
| Jul, 2029 | 75 | $1,127.42 | $2,315.05 | $3,442.47 | $298,329.39 | |
| Aug, 2029 | 76 | $1,118.74 | $2,323.73 | $3,442.47 | $296,005.66 | |
| Sep, 2029 | 77 | $1,110.02 | $2,332.45 | $3,442.47 | $293,673.21 | |
| Oct, 2029 | 78 | $1,101.27 | $2,341.20 | $3,442.47 | $291,332.02 | |
| Nov, 2029 | 79 | $1,092.50 | $2,349.97 | $3,442.47 | $288,982.04 | |
| Dec, 2029 | 80 | $1,083.68 | $2,358.79 | $3,442.47 | $286,623.25 | |
| Jan, 2030 | 81 | $1,074.84 | $2,367.63 | $3,442.47 | $284,255.62 | |
| Feb, 2030 | 82 | $1,065.96 | $2,376.51 | $3,442.47 | $281,879.11 | |
| Mar, 2030 | 83 | $1,057.05 | $2,385.42 | $3,442.47 | $279,493.69 | |
| Apr, 2030 | 84 | $1,048.10 | $2,394.37 | $3,442.47 | $277,099.32 | |
| May, 2030 | 85 | $1,039.12 | $2,403.35 | $3,442.47 | $274,695.97 | |
| Jun, 2030 | 86 | $1,030.11 | $2,412.36 | $3,442.47 | $272,283.61 | |
| Jul, 2030 | 87 | $1,021.06 | $2,421.41 | $3,442.47 | $269,862.21 | |
| Aug, 2030 | 88 | $1,011.98 | $2,430.49 | $3,442.47 | $267,431.72 | |
| Sep, 2030 | 89 | $1,002.87 | $2,439.60 | $3,442.47 | $264,992.12 | |
| Oct, 2030 | 90 | $993.72 | $2,448.75 | $3,442.47 | $262,543.37 | |
| Nov, 2030 | 91 | $984.54 | $2,457.93 | $3,442.47 | $260,085.44 | |
| Dec, 2030 | 92 | $975.32 | $2,467.15 | $3,442.47 | $257,618.29 | |
| Jan, 2031 | 93 | $966.07 | $2,476.40 | $3,442.47 | $255,141.89 | |
| Feb, 2031 | 94 | $956.78 | $2,485.69 | $3,442.47 | $252,656.20 | |
| Mar, 2031 | 95 | $947.46 | $2,495.01 | $3,442.47 | $250,161.19 | |
| Apr, 2031 | 96 | $938.10 | $2,504.37 | $3,442.47 | $247,656.82 | |
| May, 2031 | 97 | $928.71 | $2,513.76 | $3,442.47 | $245,143.07 | |
| Jun, 2031 | 98 | $919.29 | $2,523.18 | $3,442.47 | $242,619.88 | |
| Jul, 2031 | 99 | $909.82 | $2,532.65 | $3,442.47 | $240,087.24 | |
| Aug, 2031 | 100 | $900.33 | $2,542.14 | $3,442.47 | $237,545.10 | |
| Sep, 2031 | 101 | $890.79 | $2,551.68 | $3,442.47 | $234,993.42 | |
| Oct, 2031 | 102 | $881.23 | $2,561.24 | $3,442.47 | $232,432.18 | |
| Nov, 2031 | 103 | $871.62 | $2,570.85 | $3,442.47 | $229,861.33 | |
| Dec, 2031 | 104 | $861.98 | $2,580.49 | $3,442.47 | $227,280.84 | |
| Jan, 2032 | 105 | $852.30 | $2,590.17 | $3,442.47 | $224,690.67 | |
| Feb, 2032 | 106 | $842.59 | $2,599.88 | $3,442.47 | $222,090.79 | |
| Mar, 2032 | 107 | $832.84 | $2,609.63 | $3,442.47 | $219,481.16 | |
| Apr, 2032 | 108 | $823.05 | $2,619.42 | $3,442.47 | $216,861.75 | |
| May, 2032 | 109 | $813.23 | $2,629.24 | $3,442.47 | $214,232.51 | |
| Jun, 2032 | 110 | $803.37 | $2,639.10 | $3,442.47 | $211,593.41 | |
| Jul, 2032 | 111 | $793.48 | $2,648.99 | $3,442.47 | $208,944.42 | |
| Aug, 2032 | 112 | $783.54 | $2,658.93 | $3,442.47 | $206,285.49 | |
| Sep, 2032 | 113 | $773.57 | $2,668.90 | $3,442.47 | $203,616.59 | |
| Oct, 2032 | 114 | $763.56 | $2,678.91 | $3,442.47 | $200,937.68 | |
| Nov, 2032 | 115 | $753.52 | $2,688.95 | $3,442.47 | $198,248.73 | |
| Dec, 2032 | 116 | $743.43 | $2,699.04 | $3,442.47 | $195,549.69 | |
| Jan, 2033 | 117 | $733.31 | $2,709.16 | $3,442.47 | $192,840.53 | |
| Feb, 2033 | 118 | $723.15 | $2,719.32 | $3,442.47 | $190,121.21 | |
| Mar, 2033 | 119 | $712.95 | $2,729.52 | $3,442.47 | $187,391.70 | |
| Apr, 2033 | 120 | $702.72 | $2,739.75 | $3,442.47 | $184,651.95 | |
| May, 2033 | 121 | $692.44 | $2,750.02 | $3,442.47 | $181,901.92 | |
| Jun, 2033 | 122 | $682.13 | $2,760.34 | $3,442.47 | $179,141.58 | |
| Jul, 2033 | 123 | $671.78 | $2,770.69 | $3,442.47 | $176,370.90 | |
| Aug, 2033 | 124 | $661.39 | $2,781.08 | $3,442.47 | $173,589.82 | |
| Sep, 2033 | 125 | $650.96 | $2,791.51 | $3,442.47 | $170,798.31 | |
| Oct, 2033 | 126 | $640.49 | $2,801.98 | $3,442.47 | $167,996.33 | |
| Nov, 2033 | 127 | $629.99 | $2,812.48 | $3,442.47 | $165,183.85 | |
| Dec, 2033 | 128 | $619.44 | $2,823.03 | $3,442.47 | $162,360.82 | |
| Jan, 2034 | 129 | $608.85 | $2,833.62 | $3,442.47 | $159,527.20 | |
| Feb, 2034 | 130 | $598.23 | $2,844.24 | $3,442.47 | $156,682.96 | |
| Mar, 2034 | 131 | $587.56 | $2,854.91 | $3,442.47 | $153,828.05 | |
| Apr, 2034 | 132 | $576.86 | $2,865.61 | $3,442.47 | $150,962.44 | |
| May, 2034 | 133 | $566.11 | $2,876.36 | $3,442.47 | $148,086.07 | |
| Jun, 2034 | 134 | $555.32 | $2,887.15 | $3,442.47 | $145,198.93 | |
| Jul, 2034 | 135 | $544.50 | $2,897.97 | $3,442.47 | $142,300.95 | |
| Aug, 2034 | 136 | $533.63 | $2,908.84 | $3,442.47 | $139,392.11 | |
| Sep, 2034 | 137 | $522.72 | $2,919.75 | $3,442.47 | $136,472.36 | |
| Oct, 2034 | 138 | $511.77 | $2,930.70 | $3,442.47 | $133,541.67 | |
| Nov, 2034 | 139 | $500.78 | $2,941.69 | $3,442.47 | $130,599.98 | |
| Dec, 2034 | 140 | $489.75 | $2,952.72 | $3,442.47 | $127,647.26 | |
| Jan, 2035 | 141 | $478.68 | $2,963.79 | $3,442.47 | $124,683.46 | |
| Feb, 2035 | 142 | $467.56 | $2,974.91 | $3,442.47 | $121,708.56 | |
| Mar, 2035 | 143 | $456.41 | $2,986.06 | $3,442.47 | $118,722.49 | |
| Apr, 2035 | 144 | $445.21 | $2,997.26 | $3,442.47 | $115,725.23 | |
| May, 2035 | 145 | $433.97 | $3,008.50 | $3,442.47 | $112,716.73 | |
| Jun, 2035 | 146 | $422.69 | $3,019.78 | $3,442.47 | $109,696.95 | |
| Jul, 2035 | 147 | $411.36 | $3,031.11 | $3,442.47 | $106,665.85 | |
| Aug, 2035 | 148 | $400.00 | $3,042.47 | $3,442.47 | $103,623.37 | |
| Sep, 2035 | 149 | $388.59 | $3,053.88 | $3,442.47 | $100,569.49 | |
| Oct, 2035 | 150 | $377.14 | $3,065.33 | $3,442.47 | $97,504.16 | |
| Nov, 2035 | 151 | $365.64 | $3,076.83 | $3,442.47 | $94,427.33 | |
| Dec, 2035 | 152 | $354.10 | $3,088.37 | $3,442.47 | $91,338.96 | |
| Jan, 2036 | 153 | $342.52 | $3,099.95 | $3,442.47 | $88,239.01 | |
| Feb, 2036 | 154 | $330.90 | $3,111.57 | $3,442.47 | $85,127.44 | |
| Mar, 2036 | 155 | $319.23 | $3,123.24 | $3,442.47 | $82,004.20 | |
| Apr, 2036 | 156 | $307.52 | $3,134.95 | $3,442.47 | $78,869.24 | |
| May, 2036 | 157 | $295.76 | $3,146.71 | $3,442.47 | $75,722.53 | |
| Jun, 2036 | 158 | $283.96 | $3,158.51 | $3,442.47 | $72,564.02 | |
| Jul, 2036 | 159 | $272.12 | $3,170.35 | $3,442.47 | $69,393.67 | |
| Aug, 2036 | 160 | $260.23 | $3,182.24 | $3,442.47 | $66,211.42 | |
| Sep, 2036 | 161 | $248.29 | $3,194.18 | $3,442.47 | $63,017.25 | |
| Oct, 2036 | 162 | $236.31 | $3,206.16 | $3,442.47 | $59,811.09 | |
| Nov, 2036 | 163 | $224.29 | $3,218.18 | $3,442.47 | $56,592.91 | |
| Dec, 2036 | 164 | $212.22 | $3,230.25 | $3,442.47 | $53,362.67 | |
| Jan, 2037 | 165 | $200.11 | $3,242.36 | $3,442.47 | $50,120.31 | |
| Feb, 2037 | 166 | $187.95 | $3,254.52 | $3,442.47 | $46,865.79 | |
| Mar, 2037 | 167 | $175.75 | $3,266.72 | $3,442.47 | $43,599.06 | |
| Apr, 2037 | 168 | $163.50 | $3,278.97 | $3,442.47 | $40,320.09 | |
| May, 2037 | 169 | $151.20 | $3,291.27 | $3,442.47 | $37,028.82 | |
| Jun, 2037 | 170 | $138.86 | $3,303.61 | $3,442.47 | $33,725.21 | |
| Jul, 2037 | 171 | $126.47 | $3,316.00 | $3,442.47 | $30,409.21 | |
| Aug, 2037 | 172 | $114.03 | $3,328.44 | $3,442.47 | $27,080.77 | |
| Sep, 2037 | 173 | $101.55 | $3,340.92 | $3,442.47 | $23,739.86 | |
| Oct, 2037 | 174 | $89.02 | $3,353.45 | $3,442.47 | $20,386.41 | |
| Nov, 2037 | 175 | $76.45 | $3,366.02 | $3,442.47 | $17,020.39 | |
| Dec, 2037 | 176 | $63.83 | $3,378.64 | $3,442.47 | $13,641.75 | |
| Jan, 2038 | 177 | $51.16 | $3,391.31 | $3,442.47 | $10,250.44 | |
| Feb, 2038 | 178 | $38.44 | $3,404.03 | $3,442.47 | $6,846.40 | |
| Mar, 2038 | 179 | $25.67 | $3,416.80 | $3,442.47 | $3,429.61 | |
| Apr, 2038 | 180 | $12.86 | $3,429.61 | $3,442.47 | $0.00 | |
Original vs. Mortgage Refinance |
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| Original | Mortgage Refinance | |||||
| Monthly Payment | $2,645.47 | $3,442.47 | ||||
| Total Interest | $558,070.69 | $169,644.56 | ||||
| Total Principal | $450,000.00 | $450,000.00 | ||||
| Total Payment | $1,008,070.69 | $619,644.56 | ||||
| Closing Cost | $0 | $0.00 | ||||
| Other Expenses | $0 | $0.00 | ||||
| Total Interest Savings | $0 | $388,426.13 | ||||
| Total Savings | $0 | $388,426.13 | ||||
| Payoff Date | Feb, 2055 | Apr, 2038 | ||||
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