Refinance Tax Impact Calculator
Refinancing changes your mortgage interest deduction and points must be amortized over the loan term. See the true after-tax break-even before you refi.
Current Loan
New Refinance Loan
Current Pmt
$2,026New Pmt
$1,703Monthly Savings
$323Break-Even
12 moTax Impact Details
| Item | Current | New |
|---|---|---|
| Y1 Interest | $19,354 | $16,399 |
| Points Deduction Y1 | $0 | $0 |
| Total Tax Deduction Y1 | $19,354 | $16,399 |
| Total Closing Costs | — | $3,000 |