Refinance Calculator
Compare your current mortgage with refinancing options to find potential savings.
Current Loan
New Loan
₹0
Would Cost More
New Payment
₹0
Monthly Savings
₹0
Break Even
0 mo
Rate Drop
1.00%
Side-by-Side Comparison
| Current Loan | Refinanced | Difference | |
|---|---|---|---|
| Monthly Payment | ₹1,663 | ₹ | +₹0 |
| Total Remaining | ₹ | ₹ | +₹0 |
Should You Refinance?
Refinancing makes sense when the savings outweigh the costs. Consider your break-even point and how long you plan to stay in the home.
A rate drop of 0.5-1% or more typically makes refinancing worthwhile. Also consider if you want to shorten your loan term.
Key Considerations
- • Break-even point should be less than your planned stay
- • Consider cash-out vs rate-and-term refinance
- • Factor in closing costs (typically 2-5% of loan)
- • Longer term = lower payment but more total interest
Last Updated: February 2026 • Consult with a mortgage professional for personalized advice.
About the Refinance Calculator
Compares current loan terms with a refinance offer to estimate break-even point and lifetime savings.
Use when interest rates drop or your credit improves to evaluate if refinancing a mortgage or home loan pays off.
Refinancing from 8.5% to 7.5% on a ₹40 lakh balance can save ₹6+ lakh over the remaining tenure.
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