Finance
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Enter your current loan balance, rate, and remaining term, then compare monthly payment, total interest, and optional closing-cost break-even with a refinanced loan.
Results are estimates for educational purposes and are not financial advice. Lender fees, taxes, insurance, and break-even timing vary.
1. Enter current loan balance, rate, and remaining term. 2. Enter the new rate, new term, and optional closing costs. 3. Compare monthly payment, interest savings, and break-even months.
Example: $250,000 remaining at 7% with 25 years left vs a 5.5% refinance over 25 years with $3,000 closing costs—see monthly savings and how many months until fees are recovered.
Compares your current mortgage payment and total interest with a refinanced loan using standard amortization formulas. Closing-cost break-even is estimated when you enter refinance fees.
Results are estimates for educational purposes and are not financial advice. Lender fees, taxes, insurance, and break-even timing vary.
Your data is processed in your browser and is not uploaded to our server.
Uses the standard amortizing loan payment formula on the remaining balance for both the current and refinanced loan. Break-even divides closing costs by monthly savings when savings are positive.
Yes. Utilnivo tools are free to use and do not require an account.
Utilnivo does not require an account. See the privacy note on this page for how your data is processed for this tool.
Open the tool on this page, enter your inputs, and use the on-screen controls. No account is required.
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