Refinance example · Educational math
What if I refinance $200,000 and roll $3,000 closing costs into the new loan?
Stated sample rates—not lender quotes.
Calculator · How we calculate · Questions
Direct answer
Direct answer (stated sample only): refinancing $200,000.00 from 6.75% (300 months left) to 5.75% for 360 months changes the payment from about $1,381.82 to about $1,184.65 (monthly difference about $197.17; interest difference about -$8,928.13). Closing costs are rolled into principal in this sample (cash break-even n/a). Not a lender quote.
| Current | New | |
|---|---|---|
| Payment | $1,381.82 | $1,184.65 |
| Total interest | $214,546.92 | $223,475.04 |
| Principal | $200,000.00 | $203,000.00 |
Educational comparison only. Not a refinance offer, underwriting decision, or advice to refinance. Closing costs, points, and taxes vary by lender and location.
Side-by-side
Current path vs new loan| Current | New |
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Common questions
How does rolling $3,000 closing costs into a refinance of $200,000 change the new payment?
Direct answer (stated sample only): refinancing $200,000.00 from 6.75% (300 months left) to 5.75% for 360 months changes the payment from about $1,381.82 to about $1,184.65 (monthly difference about $197.17; interest difference about -$8,928.13). Closing costs are rolled into principal in this sample (cash break-even n/a). Not a lender quote.
Is this rate a real refinance offer?
No. Sample rates are illustrative inputs for transparent math.
How do I change the numbers?
Open the prefilled refinance calculator and edit balance, rates, terms, or costs.
Educational only. Last reviewed: August 9, 2026.