New Jersey Mortgage Refinance Calculator
Compare your current mortgage with a refinance. See monthly savings, break-even, and total interest.
- Free
- No signup required
- Updated for 2026
Current loan
New loan
Refinance comparison
- Current monthly P&I$2,650.42
- New monthly P&I$2,248.31
- Monthly savings$402.11
- Interest remaining (current)$420,127
- Total interest (new loan)$434,393
- Break-even13 mo (1 yr)
New loan amortization
Amortization schedule
| Month | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | $2,248.31 | $373.31 | $1,875.00 | $374,626.69 |
| 2 | $2,248.31 | $375.18 | $1,873.13 | $374,251.50 |
| 3 | $2,248.31 | $377.06 | $1,871.26 | $373,874.45 |
| 4 | $2,248.31 | $378.94 | $1,869.37 | $373,495.51 |
| 5 | $2,248.31 | $380.84 | $1,867.48 | $373,114.67 |
| 6 | $2,248.31 | $382.74 | $1,865.57 | $372,731.93 |
| 7 | $2,248.31 | $384.65 | $1,863.66 | $372,347.27 |
| 8 | $2,248.31 | $386.58 | $1,861.74 | $371,960.69 |
| 9 | $2,248.31 | $388.51 | $1,859.80 | $371,572.18 |
| 10 | $2,248.31 | $390.45 | $1,857.86 | $371,181.73 |
| 11 | $2,248.31 | $392.41 | $1,855.91 | $370,789.32 |
| 12 | $2,248.31 | $394.37 | $1,853.95 | $370,394.96 |
| 13 | $2,248.31 | $396.34 | $1,851.97 | $369,998.62 |
| 14 | $2,248.31 | $398.32 | $1,849.99 | $369,600.30 |
| 15 | $2,248.31 | $400.31 | $1,848.00 | $369,199.98 |
| 16 | $2,248.31 | $402.31 | $1,846.00 | $368,797.67 |
| 17 | $2,248.31 | $404.33 | $1,843.99 | $368,393.34 |
| 18 | $2,248.31 | $406.35 | $1,841.97 | $367,986.99 |
| 19 | $2,248.31 | $408.38 | $1,839.93 | $367,578.61 |
| 20 | $2,248.31 | $410.42 | $1,837.89 | $367,168.19 |
| 21 | $2,248.31 | $412.47 | $1,835.84 | $366,755.72 |
| 22 | $2,248.31 | $414.54 | $1,833.78 | $366,341.18 |
| 23 | $2,248.31 | $416.61 | $1,831.71 | $365,924.57 |
| 24 | $2,248.31 | $418.69 | $1,829.62 | $365,505.88 |
Showing rows 1–24 of 360
Frequently asked questions
Refinancing can make sense when the new rate is enough lower that your monthly savings cover closing costs within a time frame you plan to stay in the home. Use this calculator to see break-even and total interest saved.
Enter your current loan balance, rate, and years remaining. Then enter the new rate and term you are considering, plus estimated closing costs. The calculator shows monthly savings, break-even, and total interest comparison.
Closing costs often range from 2% to 5% of the loan amount and can include appraisal, title, origination, and other fees. Use your lender's estimate in the calculator to see break-even.