Refinance path
Know if a refinance move pencils before you pay for an appraisal
Compare your current payment stack to a proposed refinance—including cash-out—and see break-even style framing in one premium read.
Why homeowners refinance without a clear break-even
- Rate-only math ignores closing costs, term reset, and how long you will keep the loan.
- Cash-out decisions blend payment, proceeds, and long-term interest—hard to explain in one text thread.
- Online tools rarely show side-by-side current vs proposed in a report you can keep.
What the refinance analyzer gives you
- Side-by-side current vs proposed payment and structure.
- Cash-out amount and closing cost inputs for realistic scenario planning.
- Playbook Report framing for a strategy call with your loan officer.
What this calculator shows you
Current vs proposed monthly payment comparison
Estimated closing costs and cash-out proceeds framing
Break-even style read based on your inputs (educational, not guaranteed)
Strategy notes on term, rate, and hold period
Example scenario
Example: rate reduction with modest cash-out
$420,000 balance at 7.25% refi to 6.5% with $50,000 cash-out and ~$8,500 closing costs modeled.
- Monthly savings (illustrative)
- ~$180/mo
- New loan amount
- ~$470k
- Break-even framing
- ~4–5 yrs*
Illustrative only. Run your own numbers in the analyzer—results depend on your inputs and program.
Run this scenario type →Ready to model your deal?
Your path is preselected. Enter your numbers, then unlock a Playbook Report for your strategy conversation.
Start refinance analysisFrequently asked questions
Does this guarantee I will save money?
No. Savings depend on your actual terms, how long you keep the loan, and market conditions. Use outputs to guide questions for your licensed loan officer.
Can I model cash-out refinance?
Yes. The refinance path includes cash-out and closing cost fields so you can see how proceeds and payment interact in one scenario.
Should I refinance just because rates dropped?
Not automatically. Consider closing costs, remaining term, and how long you plan to stay. This tool helps you model those tradeoffs—not decide for you.
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Important disclosures
Estimates are for educational purposes only and are not a loan estimate, commitment to lend, or guarantee of terms. Calculators and reports do not constitute financial, tax, or legal advice. Only a licensed loan officer can provide official quotes, disclosures, and approval to lend. Equal Housing Lender.