TopToolAIMortgage Refinance Savings Calculator
Compare your current mortgage payment against a new rate to see how much refinancing could save you per month and over the remaining term. Refinancing a PKR 10,000,000 balance from 12% down to 9.5% on a 15-year remaining term can lower the monthly payment by tens of thousands of rupees, though it is worth weighing that saving against any refinancing fees before switching.
How to use Mortgage Refinance Savings Calculator
Step-by-step guide to the boxes below. Open it only if you need help.
How to use Mortgage Refinance Savings Calculator
Step-by-step guide to the boxes below. Open it only if you need help.
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1
Remaining balance Number
What you still owe on your current mortgage.
Example: 200000
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2
Current rate % (annual) Number
The interest rate you pay at the moment.
Example: 7
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3
New rate % (annual) Number
The lower rate you are being offered by refinancing.
Example: 5.5
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4
Remaining years Number
How many years are left on your current mortgage.
Example: 20
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5
Press “Compare”
Click the button under the boxes. If something is missing or not valid, a short message tells you which box to fix.
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6
Read your result
You see whether refinancing saves you money and how much. Change any box and try again to compare different numbers.
Mortgage Refinance Savings Calculator FAQs
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