Encore Mortgage Solutions

Should You Refinance?

Enter your numbers below to see your monthly savings and how quickly you break even.

Your Numbers

Your Results

Current Payment
$2,098
New Payment
$1,799
Monthly Savings
$299
Break Even Point
17 months
≈ 1.4 years to recoup closing costs
Total Savings Over 5 Years
$12,940
After recouping closing costs
Lifetime Savings (30-yr term)
$102,637
If you keep the loan to maturity
See If You Qualify
This calculator is made available to you as an educational tool only and calculations are based on borrower-input information. This is not an advertisement for the above terms, interest rates, or payment amounts, and not an advertisement to extend credit as defined by Regulation Z, nor an application for credit as defined by RESPA/Regulation X. Estimates only — assumes fixed-rate amortization with principal & interest only; actual payment may include taxes, insurance, and mortgage insurance. This is not a commitment to lend. Rates and terms are subject to change based on market conditions and borrower eligibility. Results are for comparative purposes only and accuracy is not guaranteed. Contact Wynee Bays for personalized refinance scenarios. Encore Mortgage Solutions, Corp. NMLS #2317038 / Wynee Bays, Mortgage Loan Originator, NMLS #887778. Equal Housing Opportunity.