Refinance Savings Analyzer

Should You Refinance?
See the Real Numbers.

Enter your current loan details and a new rate to see your exact monthly savings, when you break even on closing costs, and how much you'd save over the life of the loan. Built for Texas homeowners.

Your Loan Details
$
%
yrs
👇 Enter the new rate Tyler quoted you, or use a market estimate. This is not a commitment to lend. Book a call for your actual rate.
%
yrs
$
Monthly Payment Comparison (Principal & Interest)
Current Payment
$2,316
@ 6.75%
→
New Payment
$2,098
@ 6.00%
Monthly Savings
$218/mo
That's money back in your pocket every single month.
1-Year Savings
$2,616
5-Year Savings
$13,080
10-Year Savings
$26,160
Full Loan Savings
$78,480
Break-Even Analysis
23 months
After 23 months (about 2 years), your savings will have paid for the $5,000 in closing costs. After that, every month is pure savings.
ClosingBreak-Even: 23 mo30 yrs

These Numbers Look Good?

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What These Numbers Mean
💸
Monthly Savings
The difference between your current P&I payment and your new P&I payment. Note this doesn't include taxes or insurance, which don't change when you refinance.
⚖️
Break-Even Point
How many months until your total savings exceed your closing costs. If you plan to stay in the home longer than that, refinancing likely makes financial sense.
📅
Total Savings
Total P&I savings over the remaining life of the new loan vs continuing with your current loan. Does not account for rate changes on ARMs or opportunity cost of closing costs.

This calculator is for educational purposes only. Results are estimates based on fixed-rate P&I payments and do not constitute a loan offer or commitment. Actual rates, terms, and savings may differ. Contact Tyler Henschel, NMLS #2034073, for a personalized refinance analysis.