Current home
Intelligent Mortgage Refinance Calculator
Model an Intelligent Mortgage against keeping your current mortgage. This is an educational comparison only. A refinance is not automatically beneficial, and costs, terms, and program availability all matter.
Your situation
Scenario inputs
Estimated equity: $280,000. Used as the modeled starting balance unless you set a proposed balance.
Everyday household spending, including property taxes, homeowners insurance and HOA/condo dues when applicable, but excluding mortgage principal and interest.
For context only. This figure is not added to monthly spending and is not used in the comparison math.
The current-mortgage comparison uses the remaining term you enter. It does not assume a new 30-year loan.
Illustrative rate used for comparison purposes. Your actual rate may be different.
Why are we using this rate?
We use a modeled rate so you can see how the Intelligent Mortgage structure may affect payoff time and total interest. The 7.395% rate is an illustrative assumption used for this comparison, not a quote or an advertised rate. Your actual rate will depend on your credit profile, property, loan structure, market conditions, and other factors.
Advanced assumptions
Optional detail
Monthly Spending Calculator
Include property taxes, homeowners insurance, and HOA/condo dues. Do not include mortgage principal and interest.
Turn on detailed spending to use this total, or keep entering monthly spending manually.
Comparison
$420,000 starting balance
Estimated results
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The model assumes income arrives in two equal deposits on the 1st and 15th, ordinary monthly spending is spread across each day, interest accrues daily and posts monthly. Advanced deposits and expenses are applied when entered. Actual programs, timing, and terms vary.
The current-mortgage side is amortized from today’s balance at the rate and remaining term you entered, so it can differ from your statement if either is approximate. Closing costs and program-specific terms are not modeled.
Calculator for illustration purposes only. It does not provide an exact quote. Intelligent Mortgage programs can have different pricing depending on the borrower’s credit profile, financial situation, property, loan structure, and market conditions. We use a reasonable modeled rate so you can compare how the mortgage structure may affect payoff time and total interest cost. To get a quote based on your specific financial situation click the "talk to a pro" button to set up a consultation with a mortgage pro.
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