Mortgage Refinance Interest Savings Calculator

Refinancing a mortgage can be a great opportunity to lower your monthly payments, shorten your term so you pay less interest over the life of the mortgage, or take advantage of lower interest rates. Use this calculator to help decide if refinancing is the right choice for you.

By changing any value in the following form fields, calculated values are immediately provided for displayed output values. Click the view report button to see all of your results.



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Refinance Interest Savings
*indicates required.
New mortgage balance:
$198,488.08
You could save $173,108.21 in interest Column Graph: Please use the calculator's report to see detailed calculation results in tabular form.
Your payment will decrease $532.12 per month Column Graph: Please use the calculator's report to see detailed calculation results in tabular form.

Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues. Calculators do not include the fees and restrictions that certain products may have. Please visit the applicable banking product pages on key.com for specific terms and conditions, or visit any KeyBank branch to discuss what products may be appropriate for you.

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