My Community Mortgage
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NMLS #2408499
Equal Housing Opportunity

Refinance Comparison Calculator

Compare your current loan against a new refinance — and see whether prepaying the new loan or investing the difference actually gets you further ahead.

Look Up This Property (optional)

Enter the property address to auto-fill an estimated value and property tax — or skip this and enter your own numbers below.

Current Loan
New Refinance Loan

Title fees above are calculated from Liberty Title & Escrow's published refinance pricing for the state selected, based on the new loan amount. Unlike a purchase, a refinance has one borrower on the hook for these — no split with a seller — but your specific loan program or lender may still handle some fees differently. Lender fees/appraisal default to a rough $1,500 placeholder — edit as needed. Neither includes recording/transfer tax.

Debts to Consolidate (optional)

For a loan with a fixed payoff date (like an auto loan), fill in "Months left" and we'll calculate the real payoff schedule. For revolving debt (like a credit card), leave "Months left" blank and we'll estimate payoff from the rate and payment instead.

Investment Comparison
$0
Current monthly payment
$0
New monthly payment
$0
Total monthly savings
New loan APR: 0%

Keep Current Loan

Payoff timeline0 months
Total interest remaining$0

Refinance, Pay as Scheduled

Payoff timeline0 months
Total interest$0

Refinance + Prepay Savings

Payoff timeline0 months
Total interest$0
Refinancing saves an estimated $0 in interest compared to your current loan. If you prepay using your monthly savings, that grows to $0 saved. This compares total interest paid across loans of different sizes and terms — if you're consolidating debt or taking cash out, your new loan balance is larger than your current one, which is part of why the comparison looks the way it does. A loan officer can walk through the full picture with you.

Two Ways to Use Your Savings

Prepay the new loan faster, invest the difference instead, or do both — see how each path plays out over time.

Invest the Savings the Whole Time

Value after 30 years$0

Prepay First, Then Invest the Full Payment

Value after 30 years$0

Save This Comparison

Get a link back to these exact numbers — bookmark it, or send it to someone else to look at. No account needed.

My Community Mortgage · NMLS #2408499. This calculator provides estimates only, not a loan offer, rate quote, investment advice, or commitment to lend. Actual rates, terms, and investment returns vary and are not guaranteed. Closing costs combine title/closing fees from Liberty Title & Escrow's published refinance pricing — the borrower's costs, since a refinance has no seller to split them with — with a manually-entered lender fees/appraisal estimate. Recording/transfer tax is not included. Title insurance premium is a real calculated figure where Liberty publishes tiered pricing; where they don't, it isn't included and needs a real quote. APR shown includes monthly PMI where entered, but is a comparison-grade estimate, not a formal Regulation Z Appendix J APR — do not use for an actual Loan Estimate or Closing Disclosure. Talk to a licensed loan officer and a financial advisor before making a decision. Equal Housing Opportunity.

Not affiliated with or endorsed by the Federal Housing Administration or any government agency. Equal Housing Lender. NMLS #2408499. Not available in all states.