Refinance
Is refinancing worth it?
This refinance calculator compares your current mortgage payment with a new loan, shows your monthly savings, and tells you how many months it takes to earn back the closing costs. Use it to see whether refinancing your South Florida home is worth it on your timeline.
Browser-only estimate
Your current loan vs. a new one
Enter your current loan details, your new rate, and your closing costs. The comparison updates as you type.
The break-even point is the single most important number: if you plan to stay longer than that, refinancing usually pays off. If you are moving sooner, the savings may never cover the costs.
Monthly savings
$371
- Current monthly payment
- $2,231
- New monthly payment
- $1,859
- Break-even point
- 17 months
- Savings over your stay
- $16,260
Refinancing looks worthwhile on your timeline.
Get Real Refinance QuotesGet the real numbers
Bring your numbers to a free strategy call
This is a browser-only estimate to help you plan. Michael “Wiz” Wisniewski pairs the math with real lender quotes, current tax and insurance figures, and a plan that fits your goals. No obligation, no pressure.
This is a browser-only estimate. Refinance rates, points, and closing costs vary by lender and your credit.
It compares principal and interest only. It does not include a cash-out, changed taxes, insurance, or a changed payoff date beyond what you enter.
Wiz can connect you with lenders he trusts and help you weigh a rate-and-term refinance against other moves in your plan.