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Refinance Calculator

See how much you could save by refinancing your mortgage — and when you'd break even on closing costs.

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Current loan

Where you are today

Current loan balance

Current interest rate

Current monthly payment (P&I)

New loan

New interest rate

New loan term

years

New loan amount

Estimated closing costs

Results

New estimated monthly payment$1,816.92

Monthly payment difference-$583.08

Estimated closing costs$6,500.00

Break-even point12 months

Lifetime interest differenceSave $65,907.07

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Months until next PCS

Years remaining at this duty station

yrs

Refinance recommendation

Favor refinancing

Why this matters for military families

• If your PCS is sooner than break-even, you absorb the closing costs without recovering them.
• If you'll keep the home as a rental, a lower payment improves cash flow and reduces vacancy risk.
• Lengthening the term lowers payments today but adds lifetime interest — weigh both.

PCS refinance analysis

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