Compare your current loan and a refinance
Sample inputs are hypothetical, not available rates. Net costs mean actual transaction fees after lender credits. Exclude new escrow deposits and ordinary prepaid taxes/insurance from this fee input. Financed costs are added to the current balance; this tool does not model cash-out, payoff interest, adjustable rates or mortgage insurance.
| Comparison | Current loan | New loan |
|---|---|---|
| Principal balance | Your current input | — |
| Remaining scheduled interest | — | — |
| New interest + net transaction costs | Not applicable | — |
| Transaction fees paid in cash | Not applicable | — |
| Balance at your selected horizon | — | — |
Read the results together
- A positive payment reduction means the proposed principal-and-interest payment is lower.
- A lower payment can still produce more scheduled interest if you extend repayment.
- The horizon comparison accounts for the remaining principal, so slower repayment is not mistaken for pure savings.
- Taxes, insurance, HOA, CDD, mortgage insurance, cash-out and program qualification are not modeled.
Read the refinance decision guide before deciding.
Sources and editorial information
Published by The Rice Financial Group. Editorial update: October 14, 2026. How we prepare our resources.
Educational information, not an approval, rate quote or commitment to lend. Program rules, pricing and availability can change. Confirm the requirements for your borrower, property and transaction with the mortgage team.
Make the information personal.
Tell us what you are planning and where you need clarity. You do not need to be ready to apply to ask a question.
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