LoanWiseCompare mortgages
Back to LoanWise

Mortgage Calculators

Purchase CalculatorRefi Calculator

Compare your current mortgage with refinancing options to see potential savings

Current MortgageFAQ
Enter your existing loan details
Current Monthly Payment
$1,996
New Mortgage
Configure your refinance options

Typical: 2-5% of loan amount

New Monthly Payment
$1,724
Monthly Savings
$272
Lower payment per month
Break-Even Point
17 months
(1.4 years)
Closing Costs$4,500
Monthly Savings+$272
Good Refinance Opportunity

You'll recover closing costs in 17 months and start saving immediately after.

Total Interest Comparison
Current Loan Total Interest$390,666
New Loan Total Interest$345,144
Lifetime Savings+$45,522

Ready to refinance?

Connect with a licensed mortgage professional to get personalized refinance rates and start saving.

More tools

Other free tools for your home purchase.

Compare Mortgage QuotesLenderRatePaymentFeesTotalBank A3.125%$2,398$2,400$866,680★Bank B3.375%$2,456$1,800$885,960Bank C3.500%$2,495$3,200$901,400Bank D3.625%$2,534$2,100$914,340Potential Savings with Best Option:$47,660

Quote Comparison

Upload and compare multiple mortgage quotes side-by-side with AI-powered analysis

Open
Mortgage Rate Forecast30-Year Fixed8%7%6%5%4%3%Now202020212022202420252026HistoricalPredictedCurrent:6.85%Forecast:5.9%

Mortgage Rate Forecast

Live mortgage rate projections based on treasury futures and historical trends

Open
Rent vs. BuyNet Worth$1.5M$1.2M$900k$600k$300k$0Year 6Yr 1Yr 15Yr 30BuyRent + investBuying wins afterYear 6

Rent vs. Buy

See whether buying or renting builds more wealth over time, and the year buying pulls ahead

Open
Max Home Price$425,000Down Payment$85,000Monthly Payment$2,456Income AnalysisQ1Q2Q3Q4Financial DetailsAnnual Income$120,000Monthly Debt$850Credit Score740DTI Ratio28%Recommended Budget$425K

Pre-Qual Calculator

Calculate your home buying power based on income, debts, and down payment

Open
Loan DetailsMonthly Payment$2,847Principal & InterestPayment BreakdownPrincipalInterestOther

Payment Calculator

Estimate your monthly mortgage payment with taxes, insurance, and PMI

Open
Closing Cost BreakdownCash to CloseEstimated closing costs$20,5692.6% of price · separate from down pmtYou can shop$6,080title & settlement% of price2.6%of $800kWhere it goesLender fees$5,335Title & settlementSHOP$6,080Third-party$620Taxes & govt$3,325Prepaids & escrow(owed anyway)$6,489Total$20,569

Closing Cost Calculator

Estimate your cash to close line by line — lender, title, taxes, and prepaids — and see which fees you can shop

Open