Loan setup
30-year refinance comparison
Scenario verdict checks
Try the verdict across different financial situations
These presets help test whether the recommendation feels accurate and useful before changing the inputs yourself.
$
%
%
$
$
%
Rate Strategy
Refinance Simulator
Adapted from your refinance simulator reference and restyled to match Hometori. Compare payment relief, break-even timing, long-term savings, and refinance risk in one borrower-friendly view, then sanity-check the verdict against a few common borrower scenarios.
Detailed comparison
Current loan vs refinance
| Metric | Current | Refinance | Difference |
|---|---|---|---|
| Interest rate | 7.25% | 6.5% | -0.75% |
| Monthly principal + interest | $2,728.71 | $2,528.27 | -$200.43 |
| Monthly PMI | $0.00 | $0.00 | $0.00 |
| Total monthly payment | $2,728.71 | $2,528.27 | -$200.43 |
| First-month interest | $2,416.67 | $2,166.67 | -$250.00 |
| 30-year total paid | $982,334 | $920,178 | -$62,156 |
| 30-year total interest | $582,334 | $510,178 | -$72,156 |
Verdict
Strong refinance opportunity
You recover $10,000 in about 50 months and could save $62,156 over the new 30-year term.
How to read this verdict
The recommendation is based on monthly cash-flow change, closing-cost recovery time, net term savings, and term-reset risk. It is a decision aid, not financial advice.
Monthly savings
$200.43
Total monthly difference including PMI
Closing costs
$10,000
2.5% of balance
Break-even
50 mo
Time to recover closing costs
30-year savings
$62,156
Net of closing costs
Cost crossover
Cumulative cost and break-even analysis
The refinance line starts with closing costs included. Both lines include any monthly PMI you enter.
Loading chart…
Risk checklist
Refinance decision guardrails
Use these checks to decide whether the lower rate is truly worth the reset, fees, and hold period required.
Moderate rate drop
0.75 points lower. Savings may work, but closing costs matter a lot more here.
Closing costs are average
2.5% of the balance. Compare lender credits and fee structures before deciding.
Mid-range break-even (4.2 years)
This works best if you expect to stay in the home for at least 5 years.
Strong long-term savings
$62,156 in 30-year savings creates a meaningful lifetime benefit.
Small monthly payment relief
$200.43 lower per month helps, but may not justify the work unless you hold the loan for years.
Term reset matters
This model assumes a brand-new 30-year loan. If your current mortgage has fewer years left, total interest can increase even when the payment falls.
Amortization preview
Annual payment schedule snapshot
Annual payment totals include principal, interest, and any monthly PMI entered for each scenario.
| # | Current payment | Current interest | Current principal | Current balance | Refi payment | Refi interest | Refi principal | Refi balance |
|---|---|---|---|---|---|---|---|---|
| 1 | $32,744 | $28,873 | $3,871 | $396,129 | $30,339 | $25,868 | $4,471 | $395,529 |
| 2 | $32,744 | $28,583 | $4,162 | $391,967 | $30,339 | $25,569 | $4,770 | $390,759 |
| 3 | $32,744 | $28,271 | $4,474 | $387,493 | $30,339 | $25,249 | $5,090 | $385,669 |
| 4 | $32,744 | $27,936 | $4,809 | $382,684 | $30,339 | $24,909 | $5,431 | $380,238 |
| 5 | $32,744 | $27,575 | $5,169 | $377,515 | $30,339 | $24,545 | $5,794 | $374,444 |
| 6 | $32,744 | $27,188 | $5,557 | $371,958 | $30,339 | $24,157 | $6,182 | $368,261 |
| 7 | $32,744 | $26,771 | $5,973 | $365,985 | $30,339 | $23,743 | $6,596 | $361,665 |
| 8 | $32,744 | $26,323 | $6,421 | $359,564 | $30,339 | $23,301 | $7,038 | $354,627 |
| 9 | $32,744 | $25,842 | $6,902 | $352,661 | $30,339 | $22,830 | $7,510 | $347,117 |
| 10 | $32,744 | $25,325 | $7,420 | $345,241 | $30,339 | $22,327 | $8,013 | $339,105 |
| 11 | $32,744 | $24,768 | $7,976 | $337,265 | $30,339 | $21,790 | $8,549 | $330,555 |
| 12 | $32,744 | $24,171 | $8,574 | $328,691 | $30,339 | $21,218 | $9,122 | $321,434 |
| 13 | $32,744 | $23,528 | $9,217 | $319,475 | $30,339 | $20,607 | $9,733 | $311,701 |
| 14 | $32,744 | $22,837 | $9,907 | $309,567 | $30,339 | $19,955 | $10,384 | $301,316 |
| 15 | $32,744 | $22,094 | $10,650 | $298,917 | $30,339 | $19,259 | $11,080 | $290,237 |
| 16 | $32,744 | $21,296 | $11,448 | $287,469 | $30,339 | $18,517 | $11,822 | $278,415 |
| 17 | $32,744 | $20,438 | $12,307 | $275,162 | $30,339 | $17,726 | $12,614 | $265,801 |
| 18 | $32,744 | $19,515 | $13,229 | $261,933 | $30,339 | $16,881 | $13,458 | $252,342 |
| 19 | $32,744 | $18,524 | $14,221 | $247,713 | $30,339 | $15,979 | $14,360 | $237,983 |
| 20 | $32,744 | $17,458 | $15,287 | $232,426 | $30,339 | $15,018 | $15,322 | $222,661 |
| 21 | $32,744 | $16,312 | $16,432 | $215,993 | $30,339 | $13,992 | $16,348 | $206,314 |
| 22 | $32,744 | $15,080 | $17,664 | $198,329 | $30,339 | $12,897 | $17,442 | $188,871 |
| 23 | $32,744 | $13,756 | $18,988 | $179,341 | $30,339 | $11,729 | $18,611 | $170,260 |
| 24 | $32,744 | $12,333 | $20,412 | $158,929 | $30,339 | $10,482 | $19,857 | $150,403 |
| 25 | $32,744 | $10,803 | $21,942 | $136,988 | $30,339 | $9,152 | $21,187 | $129,217 |
| 26 | $32,744 | $9,158 | $23,586 | $113,401 | $30,339 | $7,734 | $22,606 | $106,611 |
| 27 | $32,744 | $7,390 | $25,354 | $88,047 | $30,339 | $6,220 | $24,120 | $82,491 |
| 28 | $32,744 | $5,490 | $27,255 | $60,792 | $30,339 | $4,604 | $25,735 | $56,756 |
| 29 | $32,744 | $3,447 | $29,298 | $31,494 | $30,339 | $2,881 | $27,459 | $29,298 |
| 30 | $32,744 | $1,250 | $31,494 | $0 | $30,339 | $1,042 | $29,298 | $0 |