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Cost of Waiting Calculator
Every month you wait to refinance at a lower rate, you're paying more than you need to. This calculator shows exactly how much that delay costs you.
Monthly Savings Available Now
$200
$2,729/mo → $2,528/mo
What Waiting Costs You
Money lost by not refinancing today
| If You Wait | Money Lost |
|---|---|
| 1 month | $200 |
| 2 months | $401 |
| 3 months | $601 |
| 6 months | $1,203 |
| 9 months | $1,804 |
| 12 months | $2,405 |
| 18 months | $3,608 |
| 24 months | $4,810 |
| 36 months | $7,216 |
Lifetime Savings
$72,156
over 30 years
Interest Saved
$72,156
total interest reduction
What Your Savings Could Become
If you refinance today, here's what $200/mo could grow into
Pay off your mortgage faster
Put $200/mo toward extra principal and pay off your loan 5.6 years early, saving $112,074 in interest.
| Time | Extra Equity | S&P 500 (~7%) | CDs (~4.5%) |
|---|---|---|---|
| 5 yr | $14,165 | $14,350 | $13,458 |
| 10 yr | $33,754 | $34,692 | $30,305 |
| 15 yr | $60,840 | $63,530 | $51,394 |
| 20 yr | $98,297 | $104,411 | $77,793 |
Extra Equity shows additional mortgage paydown vs normal payments at 6.50%. S&P 500 uses ~7% inflation-adjusted historical return. CDs reflect ~4.5% APY. All assume $200/mo contributed monthly. Returns are hypothetical.
No-cost refinance option: If closing costs are holding you back, ask about a no-cost refinance. We can build the costs into the rate so you pay nothing out of pocket — and still save every month.
For illustration only. Assumes fixed-rate, fully amortizing loan. Actual savings depend on loan terms, fees, and market conditions. Licensed in CA, CO, OR, TX. NMLS #1111861.