Mortgage Refinance Calculator
Should you refinance? Compare your current loan against new rates, cash-out options, and break-even timelines.
Current Loan
New Loan Terms
Refinance Simulator
Enter your current loan details and a proposed new rate to see if refinancing saves you money.
Why Use This Calculator
Compare current loan vs refinance scenarios including payment change, breakeven timeline, balloon timing, and cash-out impact. Use this as a decision tool, then compare assumptions to real operating data over time.
Compare refinance paths against your actual loan data.
Abode keeps loan-level history and cash flow so refi decisions are based on live performance, not static snapshots.
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Frequently Asked Questions
Can I model refinance now vs at balloon?
Yes. The calculator supports both paths and helps compare payment outcomes and horizon savings.
What if I only know my current balance?
Use manual mode and enter current balance and remaining term directly.
Does cash-out affect LTV output?
Yes. Cash-out and rolled costs are included in new loan balance and reflected in resulting LTV.
Key Terms (Plain English)
Breakeven Point
How long it takes monthly savings to recover refinancing costs.
Example: If costs are $6,000 and monthly savings are $200, breakeven is about 30 months.
Cash-Out Refinance
Refinancing into a larger loan and taking equity out as cash.
Example: If old balance is $250k and new loan is $300k, cash-out is roughly $50k before costs.
Balloon Date
Date a balloon loan's remaining principal becomes due in one lump sum.
Example: Many investors refinance before this date to avoid large payoff risk.