Compare your current loan with a new offer. See how much you can save monthly and over the life of your loan.
| Current Mortgage | New Mortgage | |
|---|---|---|
| Monthly Payment | — | — |
| Total Interest Remaining | — | — |
| Total Payments Remaining | — | — |
✅ If your new rate is at least 0.5-1% lower than your current rate
✅ If you plan to stay in your home for longer than the break-even period
✅ If you want to lower your monthly payment to free up cash flow
⚠️ Watch out for: Early repayment penalties on your current loan (2-5% of balance). Some banks charge these if you refinance within the first 3-5 years.