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Mortgage Refinance Calculator Excel

Mortgage Refinance Calculator excel is used to calculate refinance payment and see how much you can save by refinancing your house. Use our refinance calculator to estimate your new monthly mortgage payment, interest savings, and get an amortization schedule with principal, interest and monthly payment. You will get a comparison table that compares your original mortgage against refinancing. You can export the refinance amortization schedule to excel or download it as a pdf file.

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:
$714.88
Payoff Date:
May, 2036
Closing Cost:
$0.00
Other Expenses:
$0.00
Interest Savings:
$21,570.05
Total Savings:
$21,570.05

Mortgage Refinance Amortization Schedule

Payment Date Payment # Interest Paid Principal Paid Total Payment Remaining Balance
Jun, 2021 1 $291.67 $423.22 $714.88 $99,576.78
Jul, 2021 2 $290.43 $424.45 $714.88 $99,152.33
Aug, 2021 3 $289.19 $425.69 $714.88 $98,726.65
Sep, 2021 4 $287.95 $426.93 $714.88 $98,299.72
Oct, 2021 5 $286.71 $428.18 $714.88 $97,871.54
Nov, 2021 6 $285.46 $429.42 $714.88 $97,442.12
Dec, 2021 7 $284.21 $430.68 $714.88 $97,011.44
Jan, 2022 8 $282.95 $431.93 $714.88 $96,579.51
Feb, 2022 9 $281.69 $433.19 $714.88 $96,146.32
Mar, 2022 10 $280.43 $434.46 $714.88 $95,711.86
Apr, 2022 11 $279.16 $435.72 $714.88 $95,276.14
May, 2022 12 $277.89 $436.99 $714.88 $94,839.14
Jun, 2022 13 $276.61 $438.27 $714.88 $94,400.87
Jul, 2022 14 $275.34 $439.55 $714.88 $93,961.33
Aug, 2022 15 $274.05 $440.83 $714.88 $93,520.50
Sep, 2022 16 $272.77 $442.11 $714.88 $93,078.39
Oct, 2022 17 $271.48 $443.40 $714.88 $92,634.98
Nov, 2022 18 $270.19 $444.70 $714.88 $92,190.28
Dec, 2022 19 $268.89 $445.99 $714.88 $91,744.29
Jan, 2023 20 $267.59 $447.30 $714.88 $91,296.99
Feb, 2023 21 $266.28 $448.60 $714.88 $90,848.40
Mar, 2023 22 $264.97 $449.91 $714.88 $90,398.49
Apr, 2023 23 $263.66 $451.22 $714.88 $89,947.27
May, 2023 24 $262.35 $452.54 $714.88 $89,494.73
Jun, 2023 25 $261.03 $453.86 $714.88 $89,040.87
Jul, 2023 26 $259.70 $455.18 $714.88 $88,585.69
Aug, 2023 27 $258.37 $456.51 $714.88 $88,129.19
Sep, 2023 28 $257.04 $457.84 $714.88 $87,671.35
Oct, 2023 29 $255.71 $459.17 $714.88 $87,212.17
Nov, 2023 30 $254.37 $460.51 $714.88 $86,751.66
Dec, 2023 31 $253.03 $461.86 $714.88 $86,289.80
Jan, 2024 32 $251.68 $463.20 $714.88 $85,826.60
Feb, 2024 33 $250.33 $464.55 $714.88 $85,362.04
Mar, 2024 34 $248.97 $465.91 $714.88 $84,896.13
Apr, 2024 35 $247.61 $467.27 $714.88 $84,428.86
May, 2024 36 $246.25 $468.63 $714.88 $83,960.23
Jun, 2024 37 $244.88 $470.00 $714.88 $83,490.23
Jul, 2024 38 $243.51 $471.37 $714.88 $83,018.87
Aug, 2024 39 $242.14 $472.74 $714.88 $82,546.12
Sep, 2024 40 $240.76 $474.12 $714.88 $82,072.00
Oct, 2024 41 $239.38 $475.51 $714.88 $81,596.49
Nov, 2024 42 $237.99 $476.89 $714.88 $81,119.60
Dec, 2024 43 $236.60 $478.28 $714.88 $80,641.32
Jan, 2025 44 $235.20 $479.68 $714.88 $80,161.64
Feb, 2025 45 $233.80 $481.08 $714.88 $79,680.56
Mar, 2025 46 $232.40 $482.48 $714.88 $79,198.08
Apr, 2025 47 $230.99 $483.89 $714.88 $78,714.19
May, 2025 48 $229.58 $485.30 $714.88 $78,228.89
Jun, 2025 49 $228.17 $486.71 $714.88 $77,742.18
Jul, 2025 50 $226.75 $488.13 $714.88 $77,254.04
Aug, 2025 51 $225.32 $489.56 $714.88 $76,764.48
Sep, 2025 52 $223.90 $490.99 $714.88 $76,273.50
Oct, 2025 53 $222.46 $492.42 $714.88 $75,781.08
Nov, 2025 54 $221.03 $493.85 $714.88 $75,287.22
Dec, 2025 55 $219.59 $495.29 $714.88 $74,791.93
Jan, 2026 56 $218.14 $496.74 $714.88 $74,295.19
Feb, 2026 57 $216.69 $498.19 $714.88 $73,797.00
Mar, 2026 58 $215.24 $499.64 $714.88 $73,297.36
Apr, 2026 59 $213.78 $501.10 $714.88 $72,796.26
May, 2026 60 $212.32 $502.56 $714.88 $72,293.70
Jun, 2026 61 $210.86 $504.03 $714.88 $71,789.68
Jul, 2026 62 $209.39 $505.50 $714.88 $71,284.18
Aug, 2026 63 $207.91 $506.97 $714.88 $70,777.21
Sep, 2026 64 $206.43 $508.45 $714.88 $70,268.76
Oct, 2026 65 $204.95 $509.93 $714.88 $69,758.83
Nov, 2026 66 $203.46 $511.42 $714.88 $69,247.41
Dec, 2026 67 $201.97 $512.91 $714.88 $68,734.50
Jan, 2027 68 $200.48 $514.41 $714.88 $68,220.09
Feb, 2027 69 $198.98 $515.91 $714.88 $67,704.18
Mar, 2027 70 $197.47 $517.41 $714.88 $67,186.77
Apr, 2027 71 $195.96 $518.92 $714.88 $66,667.85
May, 2027 72 $194.45 $520.43 $714.88 $66,147.42
Jun, 2027 73 $192.93 $521.95 $714.88 $65,625.46
Jul, 2027 74 $191.41 $523.47 $714.88 $65,101.99
Aug, 2027 75 $189.88 $525.00 $714.88 $64,576.99
Sep, 2027 76 $188.35 $526.53 $714.88 $64,050.45
Oct, 2027 77 $186.81 $528.07 $714.88 $63,522.39
Nov, 2027 78 $185.27 $529.61 $714.88 $62,992.78
Dec, 2027 79 $183.73 $531.15 $714.88 $62,461.62
Jan, 2028 80 $182.18 $532.70 $714.88 $61,928.92
Feb, 2028 81 $180.63 $534.26 $714.88 $61,394.66
Mar, 2028 82 $179.07 $535.81 $714.88 $60,858.85
Apr, 2028 83 $177.50 $537.38 $714.88 $60,321.47
May, 2028 84 $175.94 $538.94 $714.88 $59,782.53
Jun, 2028 85 $174.37 $540.52 $714.88 $59,242.01
Jul, 2028 86 $172.79 $542.09 $714.88 $58,699.92
Aug, 2028 87 $171.21 $543.67 $714.88 $58,156.24
Sep, 2028 88 $169.62 $545.26 $714.88 $57,610.98
Oct, 2028 89 $168.03 $546.85 $714.88 $57,064.13
Nov, 2028 90 $166.44 $548.45 $714.88 $56,515.69
Dec, 2028 91 $164.84 $550.05 $714.88 $55,965.64
Jan, 2029 92 $163.23 $551.65 $714.88 $55,413.99
Feb, 2029 93 $161.62 $553.26 $714.88 $54,860.73
Mar, 2029 94 $160.01 $554.87 $714.88 $54,305.86
Apr, 2029 95 $158.39 $556.49 $714.88 $53,749.37
May, 2029 96 $156.77 $558.11 $714.88 $53,191.26
Jun, 2029 97 $155.14 $559.74 $714.88 $52,631.52
Jul, 2029 98 $153.51 $561.37 $714.88 $52,070.14
Aug, 2029 99 $151.87 $563.01 $714.88 $51,507.13
Sep, 2029 100 $150.23 $564.65 $714.88 $50,942.48
Oct, 2029 101 $148.58 $566.30 $714.88 $50,376.18
Nov, 2029 102 $146.93 $567.95 $714.88 $49,808.22
Dec, 2029 103 $145.27 $569.61 $714.88 $49,238.62
Jan, 2030 104 $143.61 $571.27 $714.88 $48,667.35
Feb, 2030 105 $141.95 $572.94 $714.88 $48,094.41
Mar, 2030 106 $140.28 $574.61 $714.88 $47,519.80
Apr, 2030 107 $138.60 $576.28 $714.88 $46,943.52
May, 2030 108 $136.92 $577.96 $714.88 $46,365.56
Jun, 2030 109 $135.23 $579.65 $714.88 $45,785.91
Jul, 2030 110 $133.54 $581.34 $714.88 $45,204.57
Aug, 2030 111 $131.85 $583.04 $714.88 $44,621.53
Sep, 2030 112 $130.15 $584.74 $714.88 $44,036.79
Oct, 2030 113 $128.44 $586.44 $714.88 $43,450.35
Nov, 2030 114 $126.73 $588.15 $714.88 $42,862.20
Dec, 2030 115 $125.01 $589.87 $714.88 $42,272.33
Jan, 2031 116 $123.29 $591.59 $714.88 $41,680.74
Feb, 2031 117 $121.57 $593.31 $714.88 $41,087.43
Mar, 2031 118 $119.84 $595.04 $714.88 $40,492.38
Apr, 2031 119 $118.10 $596.78 $714.88 $39,895.60
May, 2031 120 $116.36 $598.52 $714.88 $39,297.08
Jun, 2031 121 $114.62 $600.27 $714.88 $38,696.82
Jul, 2031 122 $112.87 $602.02 $714.88 $38,094.80
Aug, 2031 123 $111.11 $603.77 $714.88 $37,491.03
Sep, 2031 124 $109.35 $605.53 $714.88 $36,885.50
Oct, 2031 125 $107.58 $607.30 $714.88 $36,278.20
Nov, 2031 126 $105.81 $609.07 $714.88 $35,669.12
Dec, 2031 127 $104.03 $610.85 $714.88 $35,058.28
Jan, 2032 128 $102.25 $612.63 $714.88 $34,445.65
Feb, 2032 129 $100.47 $614.42 $714.88 $33,831.23
Mar, 2032 130 $98.67 $616.21 $714.88 $33,215.02
Apr, 2032 131 $96.88 $618.01 $714.88 $32,597.02
May, 2032 132 $95.07 $619.81 $714.88 $31,977.21
Jun, 2032 133 $93.27 $621.62 $714.88 $31,355.59
Jul, 2032 134 $91.45 $623.43 $714.88 $30,732.17
Aug, 2032 135 $89.64 $625.25 $714.88 $30,106.92
Sep, 2032 136 $87.81 $627.07 $714.88 $29,479.85
Oct, 2032 137 $85.98 $628.90 $714.88 $28,850.95
Nov, 2032 138 $84.15 $630.73 $714.88 $28,220.21
Dec, 2032 139 $82.31 $632.57 $714.88 $27,587.64
Jan, 2033 140 $80.46 $634.42 $714.88 $26,953.22
Feb, 2033 141 $78.61 $636.27 $714.88 $26,316.95
Mar, 2033 142 $76.76 $638.12 $714.88 $25,678.83
Apr, 2033 143 $74.90 $639.99 $714.88 $25,038.84
May, 2033 144 $73.03 $641.85 $714.88 $24,396.99
Jun, 2033 145 $71.16 $643.72 $714.88 $23,753.27
Jul, 2033 146 $69.28 $645.60 $714.88 $23,107.66
Aug, 2033 147 $67.40 $647.49 $714.88 $22,460.18
Sep, 2033 148 $65.51 $649.37 $714.88 $21,810.80
Oct, 2033 149 $63.61 $651.27 $714.88 $21,159.54
Nov, 2033 150 $61.72 $653.17 $714.88 $20,506.37
Dec, 2033 151 $59.81 $655.07 $714.88 $19,851.30
Jan, 2034 152 $57.90 $656.98 $714.88 $19,194.31
Feb, 2034 153 $55.98 $658.90 $714.88 $18,535.41
Mar, 2034 154 $54.06 $660.82 $714.88 $17,874.59
Apr, 2034 155 $52.13 $662.75 $714.88 $17,211.85
May, 2034 156 $50.20 $664.68 $714.88 $16,547.16
Jun, 2034 157 $48.26 $666.62 $714.88 $15,880.54
Jul, 2034 158 $46.32 $668.56 $714.88 $15,211.98
Aug, 2034 159 $44.37 $670.51 $714.88 $14,541.47
Sep, 2034 160 $42.41 $672.47 $714.88 $13,869.00
Oct, 2034 161 $40.45 $674.43 $714.88 $13,194.56
Nov, 2034 162 $38.48 $676.40 $714.88 $12,518.17
Dec, 2034 163 $36.51 $678.37 $714.88 $11,839.79
Jan, 2035 164 $34.53 $680.35 $714.88 $11,159.45
Feb, 2035 165 $32.55 $682.33 $714.88 $10,477.11
Mar, 2035 166 $30.56 $684.32 $714.88 $9,792.79
Apr, 2035 167 $28.56 $686.32 $714.88 $9,106.47
May, 2035 168 $26.56 $688.32 $714.88 $8,418.14
Jun, 2035 169 $24.55 $690.33 $714.88 $7,727.81
Jul, 2035 170 $22.54 $692.34 $714.88 $7,035.47
Aug, 2035 171 $20.52 $694.36 $714.88 $6,341.11
Sep, 2035 172 $18.49 $696.39 $714.88 $5,644.72
Oct, 2035 173 $16.46 $698.42 $714.88 $4,946.30
Nov, 2035 174 $14.43 $700.46 $714.88 $4,245.85
Dec, 2035 175 $12.38 $702.50 $714.88 $3,543.35
Jan, 2036 176 $10.33 $704.55 $714.88 $2,838.80
Feb, 2036 177 $8.28 $706.60 $714.88 $2,132.20
Mar, 2036 178 $6.22 $708.66 $714.88 $1,423.53
Apr, 2036 179 $4.15 $710.73 $714.88 $712.80
May, 2036 180 $2.08 $712.80 $714.88 $0.00

Original vs. Mortgage Refinance

Original Mortgage Refinance
Monthly Payment $715.43 $714.88
Total Interest $50,248.90 $28,678.86
Total Principal $100,000.00 $100,000.00
Total Payment $150,248.90 $128,678.86
Closing Cost $0 $0.00
Other Expenses $0 $0.00
Total Interest Savings $0 $21,570.05
Total Savings $0 $21,570.05
Payoff Date Dec, 2038 May, 2036

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Refinance Calculator

The refinance calculator is useful for those who already have a mortgage and looking to refinance their home. For new home owners, please use the conventional mortgage calculator with pmi to calulate monthly mortgage payments.


Should I Refinance?

Should I refinance is a question that many homeowners asked themselves when the interest rate goes down. With our refinance calculator, you can see exactly how much you can save so you can decide whether or not to refinance your mortgage.




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