Enter your current mortgage details and the new rate you've been offered. We'll calculate your penalty, your monthly savings, and exactly how many months until you break even — so you can make the right call.
🏠Current Mortgage
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$
yrs
✨New Mortgage Offer
%
yrs
$
$
Roll penalty into new mortgage?
🏦 Access equity via HELOC? Coming soon — HELOC consolidation
⚠️Break Penalty
💡 Typical for variable rate mortgages. Calculated automatically from your balance and rate above.
💡 IRD is the difference between your rate and your lender's current posted rate for the remaining term. Check your mortgage documents or call your lender for the exact amount.
%
%
Your lender charges the greater of IRD or 3 months interest.
Estimated Penalty
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Enter your mortgage details to calculate
¢
The PennyJar
Wealth Portal · Refinance Analysis
Refinance Decision Report
Refinance Analysis
📊
Calculating...
Enter your numbers above to see the verdict.
Penalty
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+
Legal & Appraisal
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=
Total Refi Cost
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÷
Monthly Savings
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⏱️Break Even Analysis
Break Even Point
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Monthly Savings
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Per month after refinancing
Savings Over New Term
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Net Gain / Loss
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After all costs over new term
Current Rate—
New Rate—
Rate Drop—
New Payment—
Total Penalty + Fees—
🏦HELOC Consolidation — Coming Soon
You've selected the HELOC option! When this feature launches, you'll be able to model accessing your home equity through a HELOC at the time of refinancing — consolidating debts, investing the difference, or funding renovations while seeing the complete financial picture. Join the waitlist → to be notified when it goes live.