Nick Grisanti, Mortgage Loan Originator · NMLS #2719729 · FL #LO138662 · OH #MLO-OH.2719729 · TN #2719729 · TX SML licensed · C2 Financial Corporation · NMLS #135622

Mortgage Calculator

Extra Payments vs
Refinance

Find the exact month where refinancing starts to beat extra payments - so you can make the right call for your timeline.

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Extra payments or refinance: which wins?

Making extra monthly payments reduces your principal faster and saves interest without any closing costs or paperwork. Refinancing to a lower rate can save more in the long run - but only after you've stayed long enough to recoup the closing costs. This calculator finds that exact crossover point so you can see which path wins for your timeline.

Extra Payments vs Refinance Estimate Only

Sample numbers only. The interest rate and other values filled in below are placeholders for you to change. They are not a quote or an advertised rate, and the results do not show an APR. Your actual rate and APR depend on your credit, loan, property and market conditions.

Current Loan
Extra Payment Option
Refinance Option
FL avg $3,000–$8,000
Extra Payments
Refinance
Total interest cost
$ -
$ -
Interest saved vs current
$ -
$ -
Net savings (after costs)
$ -
$ -
Payoff in
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-
Months saved
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Thinking about a refinance? We can compare your options.

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Estimate only. Results assume consistent extra payments each month and that the refinance closes immediately. Actual savings depend on your precise amortization schedule, prepayment terms, and closing costs. Consult a licensed mortgage professional before making a decision.

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