Mortgage Refinance Interest Savings Calculator

How much interest can you save if you refinance your mortgage? This calculator helps you find out! Enter the specifics about your current mortgage, along with new loan amortization, rate and closing costs. The tool will then determine how much interest refinancing can save you.
By changing any value in the following form fields, calculated values are immediately provided for displayed output values. Click the view report button to see all of your results.



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Refinance Interest Savings
*indicates required.
New mortgage balance:
$197,117.25
You could save $25,274.98 in interest Column Graph: Please use the calculator's report to see detailed calculation results in tabular form.
Your payment will decrease $142.77 per month Column Graph: Please use the calculator's report to see detailed calculation results in tabular form.


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Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.