---
title: "Refinance Calculator | Mortgage Savings & Break-Even Tool | XTRAW Tools"
description: "Compare your current mortgage with a refinance option, monthly savings, and break-even point using a free browser-based calculator."
url: "https://xtraw.com/tools/calculators/real-estate-calculators/refinance-calculator"
date: "2026-07-06T02:16:38+00:00"
language: "en-GB"
---

[Real Estate Cash Flow Calculator](https://xtraw.com/tools/calculators/real-estate-calculators/real-estate-cash-flow-calculator)[Rehab Cost Calculator](https://xtraw.com/tools/calculators/real-estate-calculators/rehab-cost-calculator)

 [![Refinance Calculator from XTRAW Tools](https://xtraw.com/images/virtuemart/product/xtraw-refinance-calculator-360x360.jpg)](https://xtraw.com/images/virtuemart/product/xtraw-refinance-calculator-360x360.jpg "Refinance Calculator from XTRAW Tools")

  new

 [Back to: Real Estate Calculators](https://xtraw.com/tools/calculators/real-estate-calculators "Real Estate Calculators")

# Refinance Calculator

 Compare your current mortgage to a refinanced loan. Use this free browser-based refinance calculator from XTRAW Tools.

 **Refinance Calculator** helps you compare your current mortgage to a refinanced loan. Use this free browser-based calculator from XTRAW Tools to compare inputs, estimate results, and plan your next step.

## How to Use the Refinance Calculator

1. Enter Current Balance and the other required calculator fields.
2. Review the rate, term, amount, payment, or cost assumptions shown in the form.
3. Run the calculator, then change one input at a time to compare scenarios.

## What This Calculator Helps With

Compare your current mortgage to a refinanced loan. It is designed for homeowners, refinance shoppers, mortgage borrowers, and rate shoppers who want a fast, browser-based estimate before relying on a lender, marketplace, servicer, broker, advisor, or professional quote.

- Current Balance: $280,000
- Current Rate: 7%
- Years Remaining: 25
- New Rate: 5.5%
- New Term: 30 years
- Closing Costs: $5,000

## Common Uses

People use this calculator when they need a quick, free way to estimate numbers, compare scenarios, and understand the assumptions behind a finance decision.

- **Budgeting:** Use this tool for budgeting planning
- **Payments:** Estimate monthly payment amounts
- **Mortgage:** Compare home loan payment scenarios

## Formula or Method

Compares monthly payments and calculates break-even point after closing costs.

## Example

**Example inputs:** Current Balance: $280,000; Current Rate: 7%; Years Remaining: 25; New Rate: 5.5%; New Term: 30 years; Closing Costs: $5,000

**Example result:** Using the default inputs, the calculator estimates current payment, new payment, monthly savings, and refinance break-even timing.

## Related Tools

- [Mortgage Calculator](https://xtraw.com/tools/mortgage-calculator)
- [Mortgage Payoff Calculator](https://xtraw.com/tools/mortgage-payoff-calculator)
- [Extra Mortgage Payment Calculator](https://xtraw.com/tools/extra-mortgage-payment-calculator)
- [Biweekly Mortgage Calculator](https://xtraw.com/tools/biweekly-mortgage-calculator)
- [Home Equity Loan Calculator](https://xtraw.com/tools/home-equity-loan-calculator)
- [Mortgage Points Calculator](https://xtraw.com/tools/mortgage-points-calculator)

## Refinance Calculator FAQ

### Is the Refinance Calculator free?

Yes. This calculator is free to use on XTRAW Tools.

### Do I need to create an account?

No. XTRAW tools are designed for browser-based use without requiring an account.

### Are the results exact?

Results may be estimates depending on the inputs, formula, and purpose of the calculator. Always verify important results before relying on them.

**Disclaimer:** This calculator is provided for general informational and convenience purposes only. It is not legal, financial, medical, tax, engineering, construction, mortgage, investment, insurance, health, or professional advice. Always verify important results with a qualified professional or authoritative source before making decisions.

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