🏠 Mortgage Refinance Calculator

Current Mortgage Details

💰 Current Interest Rate (%):

💵 Outstanding Balance ($):

📅 Monthly Payment - P&I only ($):

📅 Loan Maturity Date:

➕ Extra Monthly Payment ($):

➕ One-Time Extra Payment ($):

Refinance Scenarios to Compare

Mortgage Recast Option

Include Recast Scenario

💵 Lump Sum Payment ($):

💳 Recast Fee ($):

➕ Extra Monthly Payment ($):

➕ One-Time Extra Payment ($):

A mortgage recast is when you make a lump-sum payment toward the principal balance of your loan, and the lender recalculates your monthly payments based on the new, lower balance. Your interest rate and term remain exactly the same.

📈 Amortization Trajectories

📊 Analysis Results

📊 Results will appear here after running the analysis...

💡 Fill in your mortgage details and refinance scenarios, then click "Run Analysis"!