Time to Refinance?

Current Loan

Loan Amount
$ 175,000
Monthly Payment
$ 1,250.00

New Loan

Loan Amount
$ 176,500
Monthly Payment
$ 936.73
By refinancing, you will save $313 per month. Based on those monthly savings, it will take you 5 month(s) to recover your closing costs and break even on your refinancing.
The accuracy of this calculator is not guaranteed by First Citizens Bank [or its affiliates] and is intended for informational purposes only. The calculator displayed does not constitute the advice of, or reflect actual products, services, rates and/or terms available from First Citizens Bank [or its affiliates] and nothing contained in the calculator shall constitute an offer or solicitation of a product or service by First Citizens Bank [or its affiliates].