Refinance Calculator

If you are already a homeowner and wondering whether refinancing makes sense, this is the tool for you. Our refinance calculator helps you see how a new rate or loan term could impact your monthly payment and what you could save over the life of your loan.
Refinance Calculator
Current Loan
$
 
%
$
From your most recent statement
$
Your total payment including taxes & insurance
New Loan
%
$
$
$
All figures are estimates for illustrative purposes only. Consult a licensed mortgage professional for exact figures.
Monthly Payment
Current (all-in)$0.00
New P&I$0.00
Tax & Insurance$0.00
New Total (all-in)
$0.00
Monthly Savings
You Save / Pay More
$0.00
per month
Break-Even
—
Enter closing costs to calculate
Loan Comparison
Current Monthly Payment (all-in) —
Remaining Balance —
Remaining Term —
New P&I Payment —
New Total (P&I + Tax + Insurance) —
Monthly Savings —
Closing Costs —
Break-Even Point —
Remaining Interest Comparison
Current loan remaining interest—
New loan total interest—
Current P&I is calculated from your original loan amount and term. Remaining term is derived from your loan start date. Tax and insurance are included in the all-in payment comparison but do not affect the new loan balance. Cash-out refinances are limited to 80% LTV — amounts exceeding this show as N/A.
Annual Savings
—
Lifetime Interest Saved
—
New Loan Balance
—
Payoff Date (New Loan)
—
All payment and APR calculations are estimates for illustrative purposes only and are based on assumptions regarding interest rate, loan term, property taxes, insurance, and mortgage insurance. Actual amounts will vary. This calculator does not constitute an offer to lend, a rate lock, or a loan approval. Loan approval is subject to credit verification, underwriting, investor guidelines, and program availability. Rates and terms are subject to change without notice. Your actual APR may be higher. Results do not indicate whether you qualify for a loan. For complete details, please contact us directly.

Ready to Get Your Real Numbers?

Calculators are a great place to start but every situation is unique. The best way to know exactly where you stand is to connect with one of our experienced loan officers. They will review your full financial picture and give you accurate numbers tailored to your specific goals. Reach out today and let us help you take the next step with confidence.
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© 2026 IH Mortgage. All rights reserved. IH Mortgage supports Equal Housing Opportunity, IH Mortgage is headquartered at 5430 Glen Lakes Drive, Suite 170, Dallas, TX 75231.

This is not an offer for an extension of credit or a commitment to lend. All applications are subject to credit and property approval.

IH Mortgage, NMLS# 1872001, is licensed under the laws of the state of Texas and by state law is subject to regulatory oversight by the Texas Department of Savings and Mortgage Lending.

Figure: 7 TAC §56.200(c) TEXAS RESIDENTS: CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A MORTGAGE COMPANY OR RESIDENTIAL MORTGAGE LOAN ORIGINATOR LICENSED IN TEXAS SHOULD SEND A COMPLETED COMPLAINT FORM TO THE DEPARTMENT OF SAVINGS AND MORTGAGE LENDING (SML): 2601 N. LAMAR BLVD., SUITE 201, AUSTIN, TEXAS 78705; TEL: 1-877-276-5550. INFORMATION AND FORMS ARE AVAILABLE ON SML'S WEBSITE: SML.TEXAS.GOV

All payment and APR calculations are estimates provided for illustrative purposes only and are based on assumptions regarding interest rate, loan term, property taxes, homeowners insurance, mortgage insurance, and other applicable costs. Actual payment amounts, APR, interest rates, closing costs, and loan terms will vary. This calculator does not constitute an offer to lend, a rate lock, prequalification, preapproval, or loan approval. Loan approval is subject to credit verification, income and asset documentation, underwriting review, investor guidelines, and program availability. Rates, fees, and terms are subject to change without notice. Every borrower’s circumstances are unique, and actual loan terms and qualification depend on factors including, but not limited to, loan type, credit profile, debt-to-income ratio, loan-to-value ratio, occupancy, property type, income, assets, and other underwriting requirements. Your actual APR may be higher than the estimate shown. Results do not indicate or guarantee that you qualify for a loan or any specific loan program. For complete details and a personalized loan analysis, please contact us directly.