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Mortgage Refinance Calculator

See if refinancing is right for you with this home refinance calculator

Have you ever wondered if refinancing your home will save you money on your monthly mortgage payments? Or are you curious to see if refinancing would shorten your repayment period, helping you build equity even faster? If so, you’ll find this home mortgage refinance calculator to be just the tool you’ve been looking for.

Simply fill in the appropriate fields of this easy-to-use mortgage refinance rate calculator and discover if refinancing is the right solution to keep you paying less on what you borrow.

Should you refinance your mortgage?

Will you save money if you refinance your home mortgage loan? Use this calculator to find out.

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Please correct the following information before continuing.

Mortgage Refinance Calculator

*Required Field

*Original loan amount

*Current interest rate (APR)

*Length of mortgage (years)

*Remaining time of mortgage (years)

*Refinanced loan amount

*Refinance interest rate (APR)

*Length of refinanced mortgage (years)

*Estimated years before selling

Refinancing fees

The costs of the loan, which can include loan points, escrow fees, title insurance and appraisal.

Your results:
If you plan to stay in your home for years, it may make sense to keep your current mortgage. While your monthly payment will from a current payment of to a refinanced payment of , you will end up owing after years, not to mention the additional refinancing costs of . It may make sense to refinance if you plan to be in your current home for years. While you're monthly payment will from a current payment of to a refinanced payment of , you will owe after years and will have paid more in payments over that time. Make sure to check with a professional on how refinancing can affect your taxes.

Years Before Selling: 0

30 years years

What’s next after using the mortgage refinance calculator?

Now that you understand if refinancing makes sense for your situation, learn more about your mortgage refinancing options. You can see how refinancing your existing mortgage can reduce your monthly payments or shorten your repayment period, which allows you to build equity faster.

Submit a mortgage application today!

Like the home refinance calculator? Find more tools and calculators

We’ve created a useful selection of financial calculators to help you pay less on what you borrow and earn more on what you save.

Or call 1-877-636-0598 to speak with a Nationwide Bank Mortgage Representative Monday through Friday, 8 a.m. to 9 p.m. EST.

And remember, Nationwide offers affordable homeowners insurance options to keep you protected.

Insurance products offered through Nationwide Insurance are NOT insured by the FDIC or any federal government agency, nor are they guaranteed by, deposits of or obligations of Nationwide Bank.

Calculators are provided to help you determine how a loan, line of credit or a deposit product may affect your budget. The results offered are estimates and do not guarantee available loan terms, cost savings, tax benefits, etc. Nationwide Bank does not offer a guarantee of the calculator results.

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Nationwide Mutual Insurance Company, Nationwide Mutual Fire Insurance Company, Nationwide Life Insurance Company, Nationwide Life and Annuity Insurance Company and Nationwide Investment Services Corporation are affiliates of Nationwide Bank. The insurance products and services offered through these affiliates of Nationwide Bank are not insured by the FDIC or any federal government agency, nor are they guaranteed by, deposits of or obligations of Nationwide Bank. The products and services offered through Nationwide Investment Services Corporation are subject to investment risk, including possible loss of value.

Programs (including, without limit, fees, rates and features) are subject to change without notice.

Nationwide Bank, Member FDIC, is a federally chartered savings bank.

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