Refinance vs Extra Payment Calculator
Compare refinancing against keeping your mortgage and paying extra principal each month.
Lower total cost
Pay extra
$134,414 difference
Refi payment change
-$194
Versus current scheduled P&I
Strategy comparison
- Keep + extra interest
- $275,382
- Keep + extra payoff
- Mar 2046 (19 yr 9 mo)
- Refi interest plus costs
- $409,797
- Refi payoff
- Jun 2056 (30 yr)
- Current scheduled payment
- $2,235
- Refi payment
- $2,041