Calculate mortgage refinance for real estate investments and properties
Enter current and new loan terms, refinance costs, and how long you'll keep the loan. The calculator shows if refinancing saves money.
Refinance $300,000 from 7% to 5.5% with $4,000 costs. Save $336/month, break even in 12 months, save $117,000 over 30 years.
When you can lower rate by 0.75-1%+, switch from ARM to fixed, eliminate PMI, tap equity for good use, or consolidate debt at lower rate.
2-5% of loan amount ($4k-$10k on $200k loan) including appraisal, title insurance, origination, and closing costs.
Refinancing for more than you owe and taking difference in cash. Useful for renovations, debt consolidation, or investments at low mortgage rates.