Guided journey
Enter one refinance picture and compare payment relief, break-even timing, horizon benefit, term reset, and mortgage scenario tradeoffs.
Changing the loan you have
Refinance and home equity calculators
Compare refinance options, break-even timing, equity access, HELOCs, and cash-out choices.
Start with the guided path
Compares the whole decision in one place
Refinance and home equity calculators
7 calculators
About these calculators
Refinancing and equity borrowing are two different uses of the same underlying position: the gap between what a property is worth and what is still owed on it.
A refinance replaces the existing loan, usually to change the rate or the term, and carries closing costs that have to be recovered before it is worth anything. Equity borrowing leaves the first mortgage alone and adds a second facility against the same value. The tools below model break-even timing, how much equity is available, and what each route costs.
Which tool answers what
| Calculator | What it estimates |
|---|---|
| Mortgage Refinance Calculator | Compare your current mortgage with a replacement loan, including costs paid up front and costs rolled into the new balance. |
| Refinance Break-even Calculator | Estimate how long refinance savings may take to recover closing costs, points, and other up-front switching costs. |
| Mortgage Comparison Calculator | Compare two mortgages side by side: monthly payment, total interest, cost over the years you plan to keep it, and payoff date. |
| Cash-Out Refinance Calculator | Estimate the new balance, the monthly payment, and the loan share of property value (LTV) when you refinance and take cash out. |
| Home Equity Calculator | See how much of your home you own outright: its value minus what you still owe, in dollars and as a percentage. |
| Home Equity Loan Calculator | Estimate the monthly payment and total interest on a lump-sum home equity loan, plus the share of home value all your loans would cover. |
| HELOC Calculator | Estimate how much you may be able to draw on a home equity line, plus payments while you draw and payments once repayment starts. |
Common questions
When does refinancing break even?
Break-even is the point where accumulated monthly savings equal the closing costs paid to get them. If the loan is likely to be repaid or the property sold before that point, the costs have not been recovered. The break-even calculator works out the month from the costs and the payment difference.
What is the difference between a HELOC and a home equity loan?
A home equity loan advances a fixed sum repaid on a fixed schedule. A HELOC is a revolving line drawn as needed, typically with a draw period of interest-only or low payments followed by a repayment period where the balance amortizes. The HELOC calculator models both periods, because the payment usually rises between them.
How much equity can I access?
Available equity is normally capped by a combined loan-to-value limit across all loans secured on the property, not by the full difference between value and balance. The combined loan-to-value calculator adds the existing mortgage and any new borrowing against the value to show where a proposal sits.
What does a cash-out refinance change?
A cash-out refinance replaces the loan with a larger one and releases the difference as cash, which raises both the balance and the loan-to-value ratio. That usually means a different rate band and a longer or larger repayment than the loan it replaced.
Other decisions
What do I actually take home?
Estimate take-home pay, salary deductions, tax withholding, and employer payroll cost.
Can I buy this home?
Estimate home affordability, mortgage payments, down payment, loan-to-value, and closing costs.
How do I manage or improve my existing mortgage?
See amortization, payoff, extra payments, recasts, points, and rate-adjustment scenarios.
What will this loan cost me?
Estimate payment, APR, repayment schedule, and total loan cost.
How do I get out of debt?
Plan payoff, minimum payments, balance transfers, consolidation, and debt ratios.
How will my money grow?
Saving, Investing & Retirement
Project compounding, investment growth, and retirement savings.