Guide

Refinance vs Prepay: Which Path Lowers Total Cost?

This tool compares two options: keep your current loan and add extra monthly principal, or refinance and pay closing costs.

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Decision Calculator

Stay + Prepay

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Refinance

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Recommendation

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Visualization

These charts compare total cost and payoff time for both paths.

Total Cost Comparison

Payoff Time Comparison (Months)

Rule of Thumb

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If you may sell or move before refinance break-even, refinancing can be less attractive even with a lower rate.

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