Refinance Calculator
Compare your current mortgage with a refinanced loan to determine potential savings and break-even point
Current Loan
₹
New Loan
₹
₹
Total Lifetime Savings
₹4,66,084
by refinancing
Monthly Savings
₹2,589
Lower payment
Interest Savings
₹5,66,084
Less interest paid
Break-Even Point
39
3.2 years
Side-by-Side Comparison
| Metric | Current Loan | New Loan | Difference |
|---|---|---|---|
| Loan Amount | ₹30,00,000 | ₹31,00,000 | ₹1,00,000 |
| Interest Rate | 9.5% | 7.5% | -2.00% |
| Loan Term | 15 years | 15 years | 0 years |
| Monthly Payment | ₹31,327 | ₹28,737 | ₹2,589 |
| Total Interest | ₹26,38,813 | ₹20,72,729 | ₹5,66,084 |
| Total Payment | ₹56,38,813 | ₹51,72,729 | ₹4,66,084 |
Monthly Payment Comparison
Cumulative Savings Timeline
Refinancing Analysis
✓You could save ₹4,66,084 over the life of the loan
✓Monthly payment would decrease by ₹2,589
⚠Break-even point is 39 months (3.2 years)
⚠Consider: Refinancing may be worthwhile if you plan to stay long-term