Refinance Payment and Fee Comparison Calculator
Compare payments on the same balance under two fixed amortizing loan scenarios.
Your result
FINANCIALEnter your values and select calculate.
On this page How it works & practical examples
How to use the Refinance Payment and Fee Comparison Calculator
Compare payments on the same balance under two fixed amortizing loan scenarios. The primary value is the monthly payment reduction, with fee recovery shown only when the reduction is positive.
The calculation
Worked example
With identical rates and terms, there is no monthly payment saving and the refinance costs its upfront fee.
Assumptions and limits
Simple recovery ignores time value and equity differences. A longer term may lower payments while increasing total cost. Fees are upfront rather than financed.
Common questions
Which inputs should I use?
Compare payments on the same balance under two fixed amortizing loan scenarios. The primary value is the monthly payment reduction, with fee recovery shown only when the reduction is positive.
What does the result exclude?
Simple recovery ignores time value and equity differences. A longer term may lower payments while increasing total cost. Fees are upfront rather than financed.