Should you refinance? Compare your options
25.0 years remaining
--- remaining payments
Remaining Total Cost
$455,100
360 monthly payments
Include refinancing fees
New Monthly Payment
$1,362
Total Cost (New Loan)
$490,320
Monthly Payment Change
-$155
Lower monthly payment
Total Cost Comparison
Break-even Point
N/A
Monthly savings too small or negative
Rate Difference
-1.0%
From 6.5% to 5.5%
💡 Recommendation
Based on the analysis, refinancing may not be the best option due to higher total costs over the life of the loan.