Current loan
Remaining balance$320,000
Current rate7.5%
Years remaining24 years
New loan
New rate6.2%
New term30 years
Closing costs$6,400
Break-even
—
months to recoup costs
Monthly savings
—
per month
10-yr interest saved
—
after closing costs
Cumulative savings over time
Net savings
Break-even line
Side-by-side comparison
MetricCurrentNew
Monthly payment——
Total interest——
Loan term——
Total cost——