Refinance Calculator
Calculate whether refinancing your rental property makes financial sense. Compare current loan terms with new terms and determine break-even point.
Current Loan Details
New Loan Details
Leave at 0 for rate-and-term refinance
Estimated closing costs for refinance
Refinance Analysis
New Monthly Payment
$—
Monthly payment with new loan terms
Enter loan details to see refinance analysis
When to Refinance
Good Reasons to Refinance
- Interest rates have dropped significantly
- You want to shorten your loan term
- You need cash-out for investments or repairs
- You want to remove PMI
- Break-even point is within 2-3 years
Considerations
- Closing costs can be significant
- Resetting the loan term may increase total interest
- Cash-out refinances increase your loan balance
- Lender requirements may have changed
- Consider your long-term plans for the property