Refinance tools
Use calculators to organize the first pass.
These tools are not loan quotes. They are meant to help you estimate payment changes, break-even timing, points, lender credits, cash-out proceeds, and quote tradeoffs before you start a deeper conversation.
How to read the results
Calculator output should lead to better questions, not an automatic decision. Compare the result with the actual written quote, the cost to close, whether points are included, how long you expect to keep the loan, and whether the payment remains comfortable.
If the refinance involves cash-out, also compare what happens to your equity position and whether a HELOC or separate home-equity loan would fit the timing better.
Need help interpreting the numbers?
Use the simple form to start a conversation without submitting sensitive documents.
What calculators can and cannot tell you
A calculator can help estimate whether the math deserves a closer look. It cannot tell you whether your income will qualify, whether an appraisal will support the value, whether the quoted rate includes points, or whether a specific lender will approve the file.
Use the calculator results as a question list. Ask what costs are included, what can change before closing, whether the quote assumes points or credits, and what happens if the appraisal or income review comes back differently than expected.
Which calculator should you use first?
- Trying to lower your monthly payment? Start with the Refinance Calculator.
- Not sure whether the savings justify the cost? Use the Break-Even Calculator.
- Thinking about using home equity? Use the Cash-Out Refinance Calculator.
- Deciding between a HELOC and a refinance? Use the HELOC vs Cash-Out Calculator.
- Comparing offers from different lenders? Use the Quote Analyzer.
- Trying to understand points or rate buy-downs? Use the Mortgage Points Calculator.
Most homeowners do not need every calculator. Start with the question you are trying to answer, then use the other tools only if they help clarify the tradeoffs. A calculator can organize the math, but the final decision should also consider closing costs, points, equity, timing, and how long you expect to keep the loan.
Quote and cost checks
Before comparing a refinance offer, separate the rate from the points, credits, closing costs and Loan Estimate details.