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15 Year Mortgage Refinance Calculator

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15 Year Mortgage Refinance Calculator to refinance your 30-year mortgage into a 15-year mortgage or refinance a 15-year mortgage into a new mortgage with a lower interest rate.

15 Year Refinance Calculator

Remaining Balance
$
Interest Rate
Current Monthly Payment
$
New Interest Rate
New Loan Terms
years
Closing Cost
$
Other Expenses
$

Mortgage Refinance Calculator Results

New Monthly Payment:
$1,260.43
Payoff Date:
Jun, 2039
Closing Cost:
$3,600.00
Other Expenses:
$0.00
Interest Savings:
$216,705.70
Total Savings:
$213,105.70

Mortgage Refinance Amortization Schedule

Payment Date Payment # Interest Paid Principal Paid Total Payment Remaining Balance
Jul, 2024 1 $480.00 $780.43 $1,260.43 $179,219.57
Aug, 2024 2 $477.92 $782.52 $1,260.43 $178,437.05
Sep, 2024 3 $475.83 $784.60 $1,260.43 $177,652.45
Oct, 2024 4 $473.74 $786.69 $1,260.43 $176,865.75
Nov, 2024 5 $471.64 $788.79 $1,260.43 $176,076.96
Dec, 2024 6 $469.54 $790.90 $1,260.43 $175,286.07
Jan, 2025 7 $467.43 $793.00 $1,260.43 $174,493.06
Feb, 2025 8 $465.31 $795.12 $1,260.43 $173,697.94
Mar, 2025 9 $463.19 $797.24 $1,260.43 $172,900.70
Apr, 2025 10 $461.07 $799.37 $1,260.43 $172,101.34
May, 2025 11 $458.94 $801.50 $1,260.43 $171,299.84
Jun, 2025 12 $456.80 $803.63 $1,260.43 $170,496.21
Jul, 2025 13 $454.66 $805.78 $1,260.43 $169,690.43
Aug, 2025 14 $452.51 $807.93 $1,260.43 $168,882.50
Sep, 2025 15 $450.35 $810.08 $1,260.43 $168,072.42
Oct, 2025 16 $448.19 $812.24 $1,260.43 $167,260.18
Nov, 2025 17 $446.03 $814.41 $1,260.43 $166,445.77
Dec, 2025 18 $443.86 $816.58 $1,260.43 $165,629.19
Jan, 2026 19 $441.68 $818.76 $1,260.43 $164,810.44
Feb, 2026 20 $439.49 $820.94 $1,260.43 $163,989.50
Mar, 2026 21 $437.31 $823.13 $1,260.43 $163,166.37
Apr, 2026 22 $435.11 $825.32 $1,260.43 $162,341.05
May, 2026 23 $432.91 $827.52 $1,260.43 $161,513.52
Jun, 2026 24 $430.70 $829.73 $1,260.43 $160,683.79
Jul, 2026 25 $428.49 $831.94 $1,260.43 $159,851.85
Aug, 2026 26 $426.27 $834.16 $1,260.43 $159,017.68
Sep, 2026 27 $424.05 $836.39 $1,260.43 $158,181.30
Oct, 2026 28 $421.82 $838.62 $1,260.43 $157,342.68
Nov, 2026 29 $419.58 $840.85 $1,260.43 $156,501.82
Dec, 2026 30 $417.34 $843.10 $1,260.43 $155,658.73
Jan, 2027 31 $415.09 $845.34 $1,260.43 $154,813.38
Feb, 2027 32 $412.84 $847.60 $1,260.43 $153,965.79
Mar, 2027 33 $410.58 $849.86 $1,260.43 $153,115.93
Apr, 2027 34 $408.31 $852.13 $1,260.43 $152,263.80
May, 2027 35 $406.04 $854.40 $1,260.43 $151,409.40
Jun, 2027 36 $403.76 $856.68 $1,260.43 $150,552.73
Jul, 2027 37 $401.47 $858.96 $1,260.43 $149,693.77
Aug, 2027 38 $399.18 $861.25 $1,260.43 $148,832.52
Sep, 2027 39 $396.89 $863.55 $1,260.43 $147,968.97
Oct, 2027 40 $394.58 $865.85 $1,260.43 $147,103.12
Nov, 2027 41 $392.27 $868.16 $1,260.43 $146,234.96
Dec, 2027 42 $389.96 $870.47 $1,260.43 $145,364.49
Jan, 2028 43 $387.64 $872.80 $1,260.43 $144,491.69
Feb, 2028 44 $385.31 $875.12 $1,260.43 $143,616.57
Mar, 2028 45 $382.98 $877.46 $1,260.43 $142,739.11
Apr, 2028 46 $380.64 $879.80 $1,260.43 $141,859.32
May, 2028 47 $378.29 $882.14 $1,260.43 $140,977.17
Jun, 2028 48 $375.94 $884.50 $1,260.43 $140,092.68
Jul, 2028 49 $373.58 $886.85 $1,260.43 $139,205.82
Aug, 2028 50 $371.22 $889.22 $1,260.43 $138,316.61
Sep, 2028 51 $368.84 $891.59 $1,260.43 $137,425.02
Oct, 2028 52 $366.47 $893.97 $1,260.43 $136,531.05
Nov, 2028 53 $364.08 $896.35 $1,260.43 $135,634.70
Dec, 2028 54 $361.69 $898.74 $1,260.43 $134,735.96
Jan, 2029 55 $359.30 $901.14 $1,260.43 $133,834.82
Feb, 2029 56 $356.89 $903.54 $1,260.43 $132,931.28
Mar, 2029 57 $354.48 $905.95 $1,260.43 $132,025.32
Apr, 2029 58 $352.07 $908.37 $1,260.43 $131,116.96
May, 2029 59 $349.65 $910.79 $1,260.43 $130,206.17
Jun, 2029 60 $347.22 $913.22 $1,260.43 $129,292.95
Jul, 2029 61 $344.78 $915.65 $1,260.43 $128,377.30
Aug, 2029 62 $342.34 $918.09 $1,260.43 $127,459.20
Sep, 2029 63 $339.89 $920.54 $1,260.43 $126,538.66
Oct, 2029 64 $337.44 $923.00 $1,260.43 $125,615.66
Nov, 2029 65 $334.98 $925.46 $1,260.43 $124,690.20
Dec, 2029 66 $332.51 $927.93 $1,260.43 $123,762.28
Jan, 2030 67 $330.03 $930.40 $1,260.43 $122,831.88
Feb, 2030 68 $327.55 $932.88 $1,260.43 $121,898.99
Mar, 2030 69 $325.06 $935.37 $1,260.43 $120,963.62
Apr, 2030 70 $322.57 $937.86 $1,260.43 $120,025.76
May, 2030 71 $320.07 $940.37 $1,260.43 $119,085.39
Jun, 2030 72 $317.56 $942.87 $1,260.43 $118,142.52
Jul, 2030 73 $315.05 $945.39 $1,260.43 $117,197.13
Aug, 2030 74 $312.53 $947.91 $1,260.43 $116,249.22
Sep, 2030 75 $310.00 $950.44 $1,260.43 $115,298.79
Oct, 2030 76 $307.46 $952.97 $1,260.43 $114,345.82
Nov, 2030 77 $304.92 $955.51 $1,260.43 $113,390.31
Dec, 2030 78 $302.37 $958.06 $1,260.43 $112,432.25
Jan, 2031 79 $299.82 $960.61 $1,260.43 $111,471.63
Feb, 2031 80 $297.26 $963.18 $1,260.43 $110,508.45
Mar, 2031 81 $294.69 $965.74 $1,260.43 $109,542.71
Apr, 2031 82 $292.11 $968.32 $1,260.43 $108,574.39
May, 2031 83 $289.53 $970.90 $1,260.43 $107,603.49
Jun, 2031 84 $286.94 $973.49 $1,260.43 $106,629.99
Jul, 2031 85 $284.35 $976.09 $1,260.43 $105,653.91
Aug, 2031 86 $281.74 $978.69 $1,260.43 $104,675.22
Sep, 2031 87 $279.13 $981.30 $1,260.43 $103,693.92
Oct, 2031 88 $276.52 $983.92 $1,260.43 $102,710.00
Nov, 2031 89 $273.89 $986.54 $1,260.43 $101,723.46
Dec, 2031 90 $271.26 $989.17 $1,260.43 $100,734.29
Jan, 2032 91 $268.62 $991.81 $1,260.43 $99,742.48
Feb, 2032 92 $265.98 $994.45 $1,260.43 $98,748.02
Mar, 2032 93 $263.33 $997.11 $1,260.43 $97,750.92
Apr, 2032 94 $260.67 $999.77 $1,260.43 $96,751.15
May, 2032 95 $258.00 $1,002.43 $1,260.43 $95,748.72
Jun, 2032 96 $255.33 $1,005.10 $1,260.43 $94,743.62
Jul, 2032 97 $252.65 $1,007.78 $1,260.43 $93,735.83
Aug, 2032 98 $249.96 $1,010.47 $1,260.43 $92,725.36
Sep, 2032 99 $247.27 $1,013.17 $1,260.43 $91,712.19
Oct, 2032 100 $244.57 $1,015.87 $1,260.43 $90,696.33
Nov, 2032 101 $241.86 $1,018.58 $1,260.43 $89,677.75
Dec, 2032 102 $239.14 $1,021.29 $1,260.43 $88,656.46
Jan, 2033 103 $236.42 $1,024.02 $1,260.43 $87,632.44
Feb, 2033 104 $233.69 $1,026.75 $1,260.43 $86,605.69
Mar, 2033 105 $230.95 $1,029.49 $1,260.43 $85,576.20
Apr, 2033 106 $228.20 $1,032.23 $1,260.43 $84,543.97
May, 2033 107 $225.45 $1,034.98 $1,260.43 $83,508.99
Jun, 2033 108 $222.69 $1,037.74 $1,260.43 $82,471.25
Jul, 2033 109 $219.92 $1,040.51 $1,260.43 $81,430.74
Aug, 2033 110 $217.15 $1,043.29 $1,260.43 $80,387.45
Sep, 2033 111 $214.37 $1,046.07 $1,260.43 $79,341.38
Oct, 2033 112 $211.58 $1,048.86 $1,260.43 $78,292.53
Nov, 2033 113 $208.78 $1,051.65 $1,260.43 $77,240.87
Dec, 2033 114 $205.98 $1,054.46 $1,260.43 $76,186.41
Jan, 2034 115 $203.16 $1,057.27 $1,260.43 $75,129.14
Feb, 2034 116 $200.34 $1,060.09 $1,260.43 $74,069.05
Mar, 2034 117 $197.52 $1,062.92 $1,260.43 $73,006.14
Apr, 2034 118 $194.68 $1,065.75 $1,260.43 $71,940.39
May, 2034 119 $191.84 $1,068.59 $1,260.43 $70,871.79
Jun, 2034 120 $188.99 $1,071.44 $1,260.43 $69,800.35
Jul, 2034 121 $186.13 $1,074.30 $1,260.43 $68,726.05
Aug, 2034 122 $183.27 $1,077.16 $1,260.43 $67,648.88
Sep, 2034 123 $180.40 $1,080.04 $1,260.43 $66,568.85
Oct, 2034 124 $177.52 $1,082.92 $1,260.43 $65,485.93
Nov, 2034 125 $174.63 $1,085.81 $1,260.43 $64,400.13
Dec, 2034 126 $171.73 $1,088.70 $1,260.43 $63,311.42
Jan, 2035 127 $168.83 $1,091.60 $1,260.43 $62,219.82
Feb, 2035 128 $165.92 $1,094.51 $1,260.43 $61,125.31
Mar, 2035 129 $163.00 $1,097.43 $1,260.43 $60,027.87
Apr, 2035 130 $160.07 $1,100.36 $1,260.43 $58,927.51
May, 2035 131 $157.14 $1,103.29 $1,260.43 $57,824.22
Jun, 2035 132 $154.20 $1,106.24 $1,260.43 $56,717.98
Jul, 2035 133 $151.25 $1,109.19 $1,260.43 $55,608.80
Aug, 2035 134 $148.29 $1,112.14 $1,260.43 $54,496.65
Sep, 2035 135 $145.32 $1,115.11 $1,260.43 $53,381.54
Oct, 2035 136 $142.35 $1,118.08 $1,260.43 $52,263.46
Nov, 2035 137 $139.37 $1,121.06 $1,260.43 $51,142.39
Dec, 2035 138 $136.38 $1,124.05 $1,260.43 $50,018.34
Jan, 2036 139 $133.38 $1,127.05 $1,260.43 $48,891.29
Feb, 2036 140 $130.38 $1,130.06 $1,260.43 $47,761.23
Mar, 2036 141 $127.36 $1,133.07 $1,260.43 $46,628.16
Apr, 2036 142 $124.34 $1,136.09 $1,260.43 $45,492.07
May, 2036 143 $121.31 $1,139.12 $1,260.43 $44,352.95
Jun, 2036 144 $118.27 $1,142.16 $1,260.43 $43,210.79
Jul, 2036 145 $115.23 $1,145.21 $1,260.43 $42,065.58
Aug, 2036 146 $112.17 $1,148.26 $1,260.43 $40,917.32
Sep, 2036 147 $109.11 $1,151.32 $1,260.43 $39,766.00
Oct, 2036 148 $106.04 $1,154.39 $1,260.43 $38,611.61
Nov, 2036 149 $102.96 $1,157.47 $1,260.43 $37,454.14
Dec, 2036 150 $99.88 $1,160.56 $1,260.43 $36,293.58
Jan, 2037 151 $96.78 $1,163.65 $1,260.43 $35,129.93
Feb, 2037 152 $93.68 $1,166.75 $1,260.43 $33,963.18
Mar, 2037 153 $90.57 $1,169.87 $1,260.43 $32,793.31
Apr, 2037 154 $87.45 $1,172.99 $1,260.43 $31,620.33
May, 2037 155 $84.32 $1,176.11 $1,260.43 $30,444.21
Jun, 2037 156 $81.18 $1,179.25 $1,260.43 $29,264.96
Jul, 2037 157 $78.04 $1,182.39 $1,260.43 $28,082.57
Aug, 2037 158 $74.89 $1,185.55 $1,260.43 $26,897.02
Sep, 2037 159 $71.73 $1,188.71 $1,260.43 $25,708.31
Oct, 2037 160 $68.56 $1,191.88 $1,260.43 $24,516.43
Nov, 2037 161 $65.38 $1,195.06 $1,260.43 $23,321.38
Dec, 2037 162 $62.19 $1,198.24 $1,260.43 $22,123.13
Jan, 2038 163 $59.00 $1,201.44 $1,260.43 $20,921.69
Feb, 2038 164 $55.79 $1,204.64 $1,260.43 $19,717.05
Mar, 2038 165 $52.58 $1,207.86 $1,260.43 $18,509.20
Apr, 2038 166 $49.36 $1,211.08 $1,260.43 $17,298.12
May, 2038 167 $46.13 $1,214.31 $1,260.43 $16,083.81
Jun, 2038 168 $42.89 $1,217.54 $1,260.43 $14,866.27
Jul, 2038 169 $39.64 $1,220.79 $1,260.43 $13,645.48
Aug, 2038 170 $36.39 $1,224.05 $1,260.43 $12,421.43
Sep, 2038 171 $33.12 $1,227.31 $1,260.43 $11,194.12
Oct, 2038 172 $29.85 $1,230.58 $1,260.43 $9,963.54
Nov, 2038 173 $26.57 $1,233.86 $1,260.43 $8,729.67
Dec, 2038 174 $23.28 $1,237.16 $1,260.43 $7,492.52
Jan, 2039 175 $19.98 $1,240.45 $1,260.43 $6,252.07
Feb, 2039 176 $16.67 $1,243.76 $1,260.43 $5,008.30
Mar, 2039 177 $13.36 $1,247.08 $1,260.43 $3,761.22
Apr, 2039 178 $10.03 $1,250.40 $1,260.43 $2,510.82
May, 2039 179 $6.70 $1,253.74 $1,260.43 $1,257.08
Jun, 2039 180 $3.35 $1,257.08 $1,260.43 $0.00

Original vs. Mortgage Refinance

Original Mortgage Refinance
Monthly Payment $811.56 $1,260.43
Total Interest $263,583.84 $46,878.15
Total Principal $180,000.00 $180,000.00
Total Payment $443,583.84 $226,878.15
Closing Cost $0 $3,600.00
Other Expenses $0 $0.00
Total Interest Savings $0 $216,705.70
Total Savings $0 $213,105.70
Payoff Date Jan, 2070 Jun, 2039

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