Average close in 9 business days

Loan Details

$
%
Monthly Payment $1,896.20 Principal & Interest
Total Principal $300,000
Total Interest $382,632
Total Cost of Loan $682,632
Payoff Date March 2056

Payment Breakdown

44% Principal
Principal
Interest

Principal vs Interest Over Time

Principal
Interest
Balance

Amortization Schedule

Year Principal Paid Interest Paid Total Paid Balance

Extra Payment Analysis

$
%
$

Extra Payment Options

$
$
Total Interest Saved $67,432 By paying extra

Without Extra Payments

Payoff Time 30 years
Total Interest $382,632
Total Paid $682,632

With Extra Payments

Payoff Time 22 years, 4 months
Total Interest $315,200
Total Paid $615,200
Time Saved 7 years, 8 months

Payoff Timeline Comparison

Original
30 yrs
With Extra
22.3 yrs
Save 7+ years

Balance Payoff Curve

Today Payoff

Compare Current Loan vs. Refinance

See how much you could save by refinancing your mortgage

Current Loan

Your existing mortgage
$
%
$
Total Remaining $662,580
Total Interest Left $382,580

New Loan

Refinance option
$
%
$
New Monthly Payment $1,724
Total Cost $620,640
Total Interest Saved $78,440
Net Savings (After Closing) $71,940
Break-Even Point 20 months

Refinancing Makes Sense

Based on your inputs, refinancing could save you $321/month and $78,440 in total interest over the life of the loan. You'll recoup closing costs in 20 months.