Refinance analyzer
Model break-even savings, debt consolidation, and cash out.
Save + compare
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- Save unlimited scenarios and track changes over time
- Compare rate options side by side with broker feedback
- Export reports for underwriting or renewal planning
Property & goals
Set the analysis horizon and max lending value.
Decimal form, e.g. 0.8
Decimal form, default 0.04
Refinance analyzer
Estimate savings, penalties, and cash out before you switch lenders.
How this calculator works
Compare your current mortgage to a refinance option and see savings or costs.
Use it to decide if the penalty is worth paying.
Inputs you will need
- Current balance and rate
- Remaining term
- New rate and term
- Penalty and fees
Assumptions and limitations
- Assumes constant rates during the compared term.
- Fees are entered as fixed values.
- Results are estimates, not lender quotes.
Example scenarios
Lower rate refinance
Compare a 0.7% rate drop against penalty costs.
Debt consolidation
Add debt and see the payment impact.
Related tools
Save and compare scenarios
Create a free account to save scenarios, compare options side by side, and share results with your broker team.
Frequently asked questions
Does it include appraisal costs?
Include any fees in the cost inputs for accurate totals.
What if the new rate is variable?
Use a conservative rate assumption and re-run if prime changes.
How accurate are the savings?
They are directional. Final savings depend on lender pricing and fees.