Todd Hanley Mortgage Team
Refinance Analysis

Refinance Savings Calculator

See exactly how much you could save with a comprehensive side-by-side comparison of your current mortgage vs. refinancing.

Todd HanleyBuilt and reviewed by Todd Hanley, RICP®·NMLS #1013665·Last reviewed October 2026·How it’s calculated

No Credit Check
100% Free
Instant Results
TODAY'S OPPORTUNITY

A 1% rate reduction could save you $300-500/month

Current Mortgage

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New Refinance

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Results = Estimates (Not an Offer) Payments and savings shown are estimates for educational purposes only and are not a loan approval, commitment, or rate lock. Payments shown are principal & interest (P&I) only and do not include taxes, homeowner's insurance, HOA/condo dues, flood insurance, or mortgage insurance (MI). This is only an estimate. If including an escrow account, this amount can change. Rates and costs vary by credit score, LTV, occupancy, program, and investor. Costs added to the loan are figured as the new loan amount minus your current balance, so they include closing costs and any cash you take out.

Calculating your personalized savings...

Your Personalized Savings Report

Monthly Savings BIGGEST IMPACT
$0
Every month back in your pocket
Current
$0
New
$0
Rate Reduction
0%
Rate Drop Impact
Breakeven Timeline
0 months
Until refinance pays for itself
Total Interest Savings LIFETIME VALUE
$0
Total saved over life of loan
Payment Breakdown
Principal
$0
Interest
$0
Estimated Financed Costs
$0
Estimated financed costs
12-Month Forecast DETAILED
$0
Lower balance after 12 months
24-Month Forecast EXTENDED
$0
Lower balance after 24 months
Early Payoff Strategy ACCELERATED
Save Years
Pay off your loan faster
Todd Hanley

Refinancing Is More Than Just the Rate

Most borrowers focus on rate alone — but the real win is in the total picture: cash flow improvement, debt elimination, term reduction, and equity access. I look at all four levers to find the strategy that puts the most money back in your pocket.

— Todd Hanley, Senior Loan Officer | RICP

Estimates only. No SSN. No hard credit pull to view results.

No obligation • No upfront costs • Know in minutes

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Duration30 minutes
WithTodd Hanley, RICP®

How This Calculator Works & Key Assumptions

This calculator provides estimates for educational purposes only. It is not a loan application, pre-approval, commitment to lend, or rate lock.

If the calculator shows it's not the right time to refinance, we'll tell you that, too. We believe accurate information leads to better financial decisions.

Todd Hanley, RICP® | Senior Loan Officer | NMLS #1013665 | Todd Hanley Mortgage Team powered by United Direct Lending | NMLS #1749719 | 5550 Glades Rd, Suite 500, Boca Raton, FL 33431 | Licensed in FL, TX, NJ | Equal Housing Opportunity | Not a commitment to lend. Not all will qualify.

Formulas this calculator uses

The exact math behind the results above, so you can check it.

Payments
Standard amortizing principal-and-interest payment. Current: original loan amount at your current rate and term. New: new loan amount at the new rate and term.
Monthly savings
Current payment − new payment
Costs added to the loan
New loan amount − current balance (financed closing costs plus any cash out)
Breakeven
Costs added to the loan ÷ monthly savings, rounded up to whole months. No monthly savings means no breakeven.
Interest savings
Interest still ahead on your current loan (today’s balance paid down at your current payment) − all interest on the new loan over its full term
12- and 24-month balances
Current loan: today’s balance rolled forward at your current payment. New loan: the new loan’s scheduled balance.
Faster payoff plan
Months to pay off the new loan if you keep paying your current payment (new payment + monthly savings)
Extra payments detected
Scheduled balance on your original loan today − the balance you enter, shown when the gap is over $1,000

Data and assumptions

Todd Hanley
Built and reviewed by Todd Hanley, RICP®, Senior Loan Officer, NMLS #1013665 (verify). United Direct Lending NMLS #1749719. Last reviewed October 2026.