Refinance Calculator
Analyze mortgage refinancing benefits
Calculate actual savings from refinancing by comparing interest savings against prepayment fees. Use this to decide whether to refinance when rates drop.
๐ What is Refinancing?
Refinancing means replacing your current loan with a new one at a lower rate. Consider refinancing when rates drop 0.5%+ below your current rate. However, factor in prepayment fees, stamp duty, and registration costs to determine actual benefit.
๐ Mortgage Calculator
Monthly Payment
152๋ง์
Total Payment
5.5์ต์
Total Interest
2.5์ต์
82.4% of principal
๐ Principal vs Interest
Principal
3.0์ต์
Interest
2.5์ต์
๐ Payment Schedule
| Year | Annual Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | 18,240,671์ | 4,839,680์ | 13,400,991์ | 3.0์ต์ |
| 2 | 18,240,671์ | 5,062,014์ | 13,178,657์ | 2.9์ต์ |
| 3 | 18,240,671์ | 5,294,562์ | 12,946,109์ | 2.8์ต์ |
| 4 | 18,240,671์ | 5,537,793์ | 12,702,878์ | 2.8์ต์ |
| 5 | 18,240,671์ | 5,792,199์ | 12,448,472์ | 2.7์ต์ |
| 6 | 18,240,671์ | 6,058,291์ | 12,182,380์ | 2.7์ต์ |
| 7 | 18,240,671์ | 6,336,608์ | 11,904,063์ | 2.6์ต์ |
| 8 | 18,240,671์ | 6,627,711์ | 11,612,960์ | 2.5์ต์ |
| 9 | 18,240,671์ | 6,932,187์ | 11,308,484์ | 2.5์ต์ |
| 10 | 18,240,671์ | 7,250,650์ | 10,990,021์ | 2.4์ต์ |
| ... Total 30 years | ||||
๐ฐ Interest Rate Comparison
| Rate | Monthly | Total Interest | Difference |
|---|---|---|---|
| 3.5% | 1,347,134์ | 1.8์ต์ | -62,251,872์ |
| 4.0% | 1,432,246์ | 2.2์ต์ | -31,611,616์ |
| 4.5% | 1,520,056์ | 2.5์ต์ | +0์ |
| 5.0% | 1,610,465์ | 2.8์ต์ | +3255๋ง์ |
| 5.5% | 1,703,367์ | 3.1์ต์ | +6599๋ง์ |
Mortgage Calculation Result
Monthly 152๋ง์
โจ Total interest 2.5์ต์Loan 3.0์ต์, 4.5% rate, 30 years
๐ก Figure it out together
Better when calculated together
#MortgageCalculator #HomeLoan #InterestRate
Important Note
This calculator is for reference only. Actual loan terms may vary based on lender, credit score, and collateral value. Contact your financial institution for accurate information.
๐ Refinance Benefit Calculation
Interest Savings = (Old Rate - New Rate) ร Balance ร Remaining Term
Refinance Cost = Prepayment Fee + Stamp Duty + Registration
Net Benefit = Interest Savings - Refinance Costs
๐ How to Calculate
- Enter current loan balance and rate
- Enter remaining loan term
- Enter new loan rate
- Check prepayment fee rate (typically 1.4-1.5%)
- Compare total savings vs costs
๐ Refinance Simulation ($250K balance, 20yr remaining)
| Rate Reduction | Annual Savings | 20yr Total | Prepay Fee(1.5%) | Net Benefit |
|---|---|---|---|---|
| 0.5%p | $1,250 | $25,000 | $3,750 | $21,250 |
| 1.0%p | $2,500 | $50,000 | $3,750 | $46,250 |
| 1.5%p | $3,750 | $75,000 | $3,750 | $71,250 |
| 2.0%p | $5,000 | $100,000 | $3,750 | $96,250 |
๐ก Refinance Checklist
- Consider refinancing when rate difference is 0.5%+
- Check prepayment fee waiver period (usually after 3 years)
- Larger balances mean greater refinance benefits
- Longer remaining terms mean more interest savings
- Good credit score can negotiate lower rates
โ FAQ
Typically 1.4-1.5% of balance within 3 years of the loan. Many banks waive fees after 3 years. Contact your bank for exact fees.
Loan inquiries may temporarily lower your score slightly, but since you're paying off existing debt, overall impact is minimal.
Yes, you can request a rate reduction from your current bank. This often avoids prepayment fees while lowering your rate.
๐ Panduan perhitungan lokal
Logika rumus
Menggunakan rumus publik untuk keuangan, pinjaman, rasio, dan konversi satuan.
Cakupan sumber
Mengacu pada standar publik dan praktik umum per negara.
Asumsi
Pajak, biaya, suku bunga, dan batas berbeda antar wilayah/lembaga.
Result Interpretation
Gunakan hasil ini sebagai skenario dasar. Sebelum memutuskan, bandingkan dengan penawaran nyata dan aturan pajak lokal.
Preset lokal
Mata uang: IDR
Satuan: metric
Model pajak: US payroll estimate
Catatan regulasi
Alat ini memakai preset regional untuk estimasi. Syarat nyata dan batas hukum dapat berbeda menurut lembaga dan aturan lokal.
Aksi yang disarankan
- Bandingkan minimal 2-3 penyedia lokal sebelum final.
- Cek ulang biaya, pajak, dan klausul pelunasan dipercepat secara tertulis.
- Uji skenario stres dengan bunga +1-2% dan pendapatan turun.
Sebelum keputusan nyata, pastikan aturan terbaru di lembaga setempat.