Mortgage Refinance Calculator

This tool helps you:

1. Evaluate whether refinancing your mortgage makes financial sense. It compares the potential savings from a lower interest rate against any up-front refinancing fees, helping you understand the true benefit of refinancing.

2. It also allows you to explore options if you need extra cash. You can compare taking a cash-out refinance versus a personal loan, and the tool calculates the implicit interest rate on the cash-out option to show the real cost of borrowing.

3. By modeling these scenarios, you can make an informed decision that balances immediate cash needs, long-term interest savings, and overall financial strategy.