MortgageHub|Is Refinancing Worth It?

Professional mortgage analysis tools

Refinance
Calculator

Compare your current rate vs new rates and see exactly how much you could save

No credit check required • Free calculator

Potential Savings

104K

over 30 years with today's best rates

Current Loan Analysis

Advanced Analytics

Calculator

Adjust values to see results update

📊 Rate Comparison

Your current mortgage rate

New refinance rate offered

Rate Difference

1.375% 📉 LOWER

💰 Save $290/month

📅 When will you refinance?

✅ Recommendation

REFINANCE NOW

Save $290/monthBreak-even in 2y 10mo📈 1.38% rate difference
🎉

📊 Loan Comparison

Current Loan

7.250%

$2616/mo

P&I: $2183

New Loan (BETTER)

5.875%

$2326/mo

P&I: $1893

💰 Savings

Monthly

$290

Annual

$3,481

30yr Total

$94,816

Payoff

Oct '55

✅ GOOD DEAL!

This refinance will save you money. Consider moving forward.

📊 Market Comparison

Average Rate

7.040%

$2571/mo

Save $45/mo

Good Rate

6.890%

$2539/mo

Save $78/mo

Excellent Rate

6.640%

$2486/mo

Save $131/mo

See The Difference Visually

Numbers are boring. Let's show you what refinancing actually looks like.

Monthly Payment Breakdown: Current vs New Loan

Clear side-by-side comparison of your monthly payment components

📈 Current Rate (7.25%)

$2616

Total Monthly Payment

📊 New Rate (5.875%)

$2326

Total Monthly Payment

💰 Monthly Difference

+$290

You Save

Break-Even Timeline

After 34 months (3 years), it's pure profit in your pocket

Net Profit After 10 Years

$25,205.19

Total savings minus refinance costs

 

Current vs New Loan Path

Visualize the total financial impact of keeping your current rate vs refinancing to the new rate

Net Savings (After Refinance Costs)

$95K

Total savings over life of loan minus $9,600 refi costs

That's like getting a Tesla Model S for free 🚗