The best way to get an accurate, up-to-date rate is to connect with a CENTURY 21® independent agent. They'll walk you through your options, help you understand what affects your rate, and connect you with trusted mortgage professionals who can provide personalized quotes based on your unique situation.
Refinance calculator
Estimate your savings with the CENTURY 21® Brand's Refinance calculator
Thinking of refinancing your mortgage? The CENTURY 21® Refinance calculator makes it easy to estimate how much money you could save. Whether you're looking to lower your monthly payment, reduce your interest rate, or access your home's equity, our tool gives you a side-by-side comparison of your current loan and a potential new one so you can make informed decisions confidently.
Refinance calculator results
Monthly payment$1,800 vs. $1,572
Interest rate6.50% vs. 5.56%
Payoff dateDecember 12, 2055
Total loan cost$565,920
Estimated closing$2,253
Total savings over 30 years$46,478.64
Months to break even10 months
Monly payment savings after 30 years$1,800 vs. $1,572
Total savings breakdown
| Year | Savings |
|---|---|
| 2025 | -$681.36 |
| 2026 | $890.64 |
| 2027 | $2,462.64 |
| 2028 | $4,034.64 |
| 2029 | $5,606.64 |
| 2030 | $7,178.64 |
| 2031 | $8,750.64 |
| 2032 | $10,322.64 |
| 2033 | $11,894.64 |
| 2034 | $13,466.64 |
| 2035 | $15,038.64 |
| 2036 | $16,610.64 |
| 2037 | $18,182.64 |
| 2038 | $19,754.64 |
| 2039 | $21,326.64 |
| Year | Savings |
|---|---|
| 2040 | $22,898.64 |
| 2041 | $24,470.64 |
| 2042 | $26,042.64 |
| 2043 | $27,614.64 |
| 2044 | $29,186.64 |
| 2045 | $30,758.64 |
| 2046 | $32,330.64 |
| 2047 | $33,902.64 |
| 2048 | $35,474.64 |
| 2049 | $37,046.64 |
| 2050 | $38,618.64 |
| 2051 | $40,190.64 |
| 2052 | $41,762.64 |
| 2053 | $43,334.64 |
| 2054 | $44,906.64 |
Q&A: Understanding the Refinance calculator
How do I know what today's mortgage rates are?
What if I don't know what my current estimated property value is?
No problem! Many homeowners aren't sure, and that's okay. Our Refinance calculator works best with an estimate, but you don't need to have an exact number to get started.
You can use a rough idea based on what homes in your area are selling for. This website makes it easy to explore comparable sales in your neighborhood so you can get a general sense of your property's value. It's a simple way to move forward with confidence and see how refinancing could work for you.
What should I enter for the estimated amount of the new loan?
This is the amount you expect to borrow when refinancing your mortgage. In a typical refinance, this amount should be equal to or less than your current loan balance. Refinancing replaces your existing loan with a new one, so the new loan amount usually reflects what you still owe.
If you're unsure what to enter, your current loan balance is a good starting point. This helps you get a clearer picture of how refinancing could impact your monthly payments and overall savings.
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