Current loan

$

From $1,000 to $100,000,000.

%

From 0% to 25% a year.

Years remaining28 years

From 1 to 40 years.

New loan

%

From 0% to 25% a year.

New term30 years

From 1 to 40 years.

$

From $0 to $10,000,000.

The new loan's modeled payment is $240 lower a month
Current loan total interest
$385,045
$2,039/mo over 28 years
New loan total interest
$347,515
$1,799/mo over 30 years
Monthly payment difference$240
Break-even point21 months
Lifetime interest difference$37,531 less modeled interest over the loan
$0$100K$200K$300KYear 0Year 5Year 10Year 15Year 20Year 25Year 30Current loan balanceNew loan balance
$0$100K$200K$300KYear 0Year 8Year 16Year 30Current loan balanceNew loan balance

The PDF and PNG downloads, break-even and the method are on the full calculator.

Estimates only, not financial advice. smartfin.fyi →