Free Refinance Tool

See if refinancing actually saves you money

Compare your current loan against a new refinance offer — monthly savings, break-even timing, closing costs, and planned-stay impact.

Step 1 of 5

Property Context

Address is optional. If you provide it, we can try to prefill value, tax, and property context.

If prefilled, this is just context. You can edit it.
Prefill is optional. You can edit any value before running the analysis.

Your Current Loan

Tell us about the mortgage and housing payment you have today.

Estimated market value of your home today.
Usually includes P&I, property tax, and insurance. HOA is entered separately.
Leave 0 if you do not pay mortgage insurance. A refinance that closes at 80% loan-to-value or below usually removes PMI.

Review Current Payment Breakdown

We estimate the split, then you can adjust the P&I, tax, and insurance numbers.

New Loan Details

What terms are you considering for the refinance?

Today’s average rate for this loan type (e.g. from Freddie Mac PMMS). We’ll flag whether your quote is above or below it.
Each point costs 1% of the loan amount and is added to your upfront costs, APR, and break-even. Enter the rate above as quoted with these points.
If you roll these costs in, they increase the new loan balance and still affect the full cost comparison.
Cash you take out is borrowed money — we price its interest cost separately instead of counting it as savings.
For debt payoff or investing, add the rate below and we’ll weigh the cash-out’s value against its borrowing cost.
Used only for the optional “if you invest the monthly savings” comparison in the report.

Review & Generate

Check your inputs, then generate your full Refinance Analysis report.

Read the Terms of Service

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When you run this analysis, Home Decision Lab may process and store your submitted inputs and calculated results to provide the report, support saving/reopening reports, improve our tools, and create aggregated, non-identifying insights. See our Privacy Policy.