Mortgage PWA

Mortgage Refinance Calculator

United States

Mortgage Refinance Calculator

United States

Mobile-first mortgage calculator with escrow, PMI, extra payments, amortization, charts, and PWA support.

Monthly payment

$2,671

Biweekly

$1,926

Monthly payment

$2,671

Biweekly

$1,926

Estimated monthly payment

$2,671

Includes principal, interest, taxes, insurance, PMI, HOA, and other costs.

Loan amount: $280,000

Payoff date

Feb 2046

Assumes steady rate and current extra payments.

Biweekly estimate

$1,926

Same payoff as monthly schedule.

Total interest

$221,025

Biweekly savings: $355

Payment breakdown

$2,671

78.16% to principal & interest

Principal & interest$2,088

Property tax$350

Home insurance$117

PMI / LMI$117

HOA / Strata$0

Other costs$0

Mortgage Refinance Calculator guide

The mortgage refinance calculator helps you compare your current loan to a new one. Enter your remaining balance as the home price with 0% down (or your actual loan amount by adjusting home price and down payment), then set the new rate and term. We prefill $350,000, 20% equity, 20-year term, and 6.5% to model a typical refinance scenario.

Lower rates reduce your monthly payment and total interest. Shorter terms increase the payment but save interest over time. Use the amortization table to see how quickly you pay down principal. Factor in closing costs—if you pay $3,000 to refinance and save $150/month, your break-even is 20 months. The calculator does not include closing costs; add that analysis separately.

Extra payments and biweekly schedules work the same as on our main calculator. All math runs client-side. Install the PWA for offline use.

Amortization schedule

Yearly view

Period	Date	Principal	Interest	Escrow	PMI	Total interest	Ending balance
2026	Jan 2026	$5,851	$15,025	$4,667	$0	$15,025	$274,149
2027	Jan 2027	$7,451	$17,600	$5,600	$0	$32,626	$266,699
2028	Jan 2028	$7,950	$17,101	$5,600	$0	$49,727	$258,749
2029	Jan 2029	$8,482	$16,569	$5,600	$0	$66,296	$250,266
2030	Jan 2030	$9,050	$16,001	$5,600	$0	$82,297	$241,216
2031	Jan 2031	$9,657	$15,395	$5,600	$0	$97,692	$231,559
2032	Jan 2032	$10,303	$14,748	$5,600	$0	$112,440	$221,256
2033	Jan 2033	$10,993	$14,058	$5,600	$0	$126,498	$210,263
2034	Jan 2034	$11,730	$13,322	$5,600	$0	$139,819	$198,533
2035	Jan 2035	$12,515	$12,536	$5,600	$0	$152,355	$186,018
2036	Jan 2036	$13,353	$11,698	$5,600	$0	$164,053	$172,665
2037	Jan 2037	$14,248	$10,804	$5,600	$0	$174,857	$158,417
2038	Jan 2038	$15,202	$9,850	$5,600	$0	$184,707	$143,216
2039	Jan 2039	$16,220	$8,831	$5,600	$0	$193,538	$126,996
2040	Jan 2040	$17,306	$7,745	$5,600	$0	$201,283	$109,690
2041	Jan 2041	$18,465	$6,586	$5,600	$0	$207,870	$91,225
2042	Jan 2042	$19,702	$5,350	$5,600	$0	$213,219	$71,523
2043	Jan 2043	$21,021	$4,030	$5,600	$0	$217,249	$50,502
2044	Jan 2044	$22,429	$2,622	$5,600	$0	$219,871	$28,073
2045	Jan 2045	$23,931	$1,120	$5,600	$0	$220,991	$4,142
2046	Jan 2046	$4,142	$34	$933	$0	$221,025	$0

Figures include principal, interest, escrow amounts, and PMI where applicable. Minor rounding may occur.

FAQs

Mortgage Refinance Calculator — frequently asked questions

Straight answers about taxes, PMI, extra payments, and biweekly schedules.

How do I model my current loan vs. a refinance?+

Enter your current loan balance as the home price with 0% down (or adjust to show the exact loan amount). Set the new rate and term to compare payments.

Should I refinance to a shorter term?+

A shorter term usually means a higher monthly payment but less total interest. Use the calculator to compare 30-year vs. 15-year or 20-year at your new rate.

How do I factor in refinance closing costs?+

The calculator does not include closing costs. Divide your closing costs by your monthly savings to find the break-even period. Refinance only if you plan to stay past break-even.

Does the calculator include cash-out refinance?+

For a cash-out refinance, enter the new loan amount (current balance plus cash taken). The calculator will show the payment on that total.

Can I compare a refinance to paying extra on my current loan?+

Yes. Run the calculator with your current balance and add extra payments to see payoff date and interest saved. Compare that to the refinance scenario.

Related mortgage calculators

Explore more mortgage and loan calculators

Compare monthly payments, taxes, and interest across these calculators to model different loan structures, regions, and payoff strategies.

Mortgage payoff calculator Mortgage calculator with taxes Mortgage affordability calculator USA mortgage calculator Biweekly mortgage calculator Mortgage calculator