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Mortgage Refinance

Should you refinance? Calculate break-even and total savings.

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πŸ’‘ Expert Tips

1

Refinancing makes sense if break-even is under 2 years.

2

Even 0.5% rate reduction can save lakhs.

Frequently Asked

When should I refinance?β–Ύ

When the new rate saves enough to recover closing costs within 2 years.

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Mortgage Calculator

Example 1 β€” Standard 30-year mortgage

Monthly payment β‰ˆ β‚Ή36,700 Β· Total interest over 30 years β‰ˆ β‚Ή82 lakh β€” more than 1.6Γ— the loan amount

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