Smart Mortgage Calculator
Refinancing
When and how to refinance your mortgage.
Refinancing only helps if you recover closing costs and the new term does not erase interest savings. Start with break-even months and lifetime interest — not payment alone — then confirm fees on a Loan Estimate. Some states also require a tangible net benefit review before a refinance can close.
Cash-Out Refinance vs. HELOC: Don’t Reprice the Cheap First Mortgage
Cash-out made the monthly bill look cheaper in my $50,000 test. After five years it left more debt. That is the comparison I actually ran.
September 11, 2026 · 10 min read
Should You Refinance in 2026? Break-Even, Recast & State Costs
I built the break-even widget because “the rate dropped” is not a decision — 32.5 months and a recast comparison are.
May 30, 2026 · 9 min read