Does refinancing actually save money? Compare rate, payment, break-even, and lifetime cost.
Assumes fixed-rate loans, no pre-payment penalty, and closing costs either paid out-of-pocket or rolled into principal. Lifetime savings compares remaining payments on the current loan against total payments on the new loan — a longer new term may lower your monthly even when it raises lifetime cost.
Calculate monthly payment, total interest, and full amortization schedule for any fixed-rate loan.
Model investment growth with monthly contributions and compounding. See the curve, not just the number.
Plug in fixed costs, variable costs, and price. Know exactly how many units you need to sell to stop losing money.
Does refinancing actually save money? Compare rate, payment, break-even, and lifetime cost.
Assumes fixed-rate loans, no pre-payment penalty, and closing costs either paid out-of-pocket or rolled into principal. Lifetime savings compares remaining payments on the current loan against total payments on the new loan — a longer new term may lower your monthly even when it raises lifetime cost.
Calculate monthly payment, total interest, and full amortization schedule for any fixed-rate loan.
Model investment growth with monthly contributions and compounding. See the curve, not just the number.
Plug in fixed costs, variable costs, and price. Know exactly how many units you need to sell to stop losing money.