Refinance Calculator
Compare your current mortgage with a refinance offer to estimate a new payment, break-even point, and long-term savings.
Ergebnisse
New Monthly Payment
€1,724.06
Current Monthly Payment: €1,969.24
Monthly Savings
€245.18
Lifetime Savings
€-6,252.61
Break-even Time
19 Monate
New Loan Amount
€284,500.00
Tilgungsplan
| Monat | Tilgung | Zinsen | Restschuld |
|---|---|---|---|
| 1 | €277.85 | €1,446.21 | €284,222.15 |
| 2 | €279.26 | €1,444.80 | €283,942.88 |
| 3 | €280.68 | €1,443.38 | €283,662.20 |
| 4 | €282.11 | €1,441.95 | €283,380.09 |
| 5 | €283.54 | €1,440.52 | €283,096.55 |
| 6 | €284.99 | €1,439.07 | €282,811.56 |
| 7 | €286.43 | €1,437.63 | €282,525.13 |
| 8 | €287.89 | €1,436.17 | €282,237.23 |
| 9 | €289.35 | €1,434.71 | €281,947.88 |
| 10 | €290.82 | €1,433.24 | €281,657.06 |
| 11 | €292.30 | €1,431.76 | €281,364.75 |
| 12 | €293.79 | €1,430.27 | €281,070.96 |
Refinance Tips
- •Compare total cost, not only the new monthly payment.
- •A lower rate helps most when you plan to keep the loan long enough to break even.
- •Check whether closing costs are rolled into the balance or paid upfront.
- •Refinancing into a longer term can lower payments while increasing total interest.
How the refinance calculator works
This calculator compares the remaining cost of your current mortgage against a proposed refinance. It estimates the new payment based on the new rate, term, and closing costs, then measures monthly savings, total cost change, and the time required to break even.
Understanding refinance trade-offs
Refinancing is not automatically beneficial just because the payment drops. A lower payment can come from a lower rate, a longer term, or both. The strongest refinance is one that improves your payment and still reduces long-term cost relative to how long you expect to keep the loan.
Häufig gestellte Fragen
Refinancing usually makes sense when you can lower your rate, shorten the term without stretching your budget, or switch loan structures for a clear financial benefit. The key test is whether you will stay in the home long enough to recover closing costs.