Should I Refinance My...
Get a clear YES or NO answer. Not just numbers — a decision with the math to back it up.
Why Use This Calculator?
📊 Clear Answer
Not just numbers — you get a YES or NO recommendation with reasoning.
💰 See Your Savings
Know exactly how much you'll save over the life of your loan.
⏱️ Break-Even Point
See how long until refinancing fees pay for themselves.
Frequently Asked Questions
How do I know if I should refinance?
Use our calculators to get a clear YES or NO answer. Generally, refinancing makes sense when you can get a lower interest rate, your break-even point is reasonable, and you plan to keep the loan long enough to recover any fees.
What is a break-even point for refinancing?
The break-even point is how long it takes for your monthly savings to cover the costs of refinancing. For example, if refinancing costs $1,000 and saves you $50/month, your break-even is 20 months.
Does refinancing hurt your credit score?
Refinancing triggers a hard credit inquiry, which may temporarily lower your score by a few points. However, if refinancing helps you manage payments better or lowers your credit utilization, it can improve your score long-term.