FinanceMortgage RefinanceShould you refinance your mortgage?CurrencyUSDEURGBPCADAUDINRJPYRemaining balanceCurrent rate (%)Current years leftRefinance rate (%)New loan term (years)Closing costsCash-out amountClosing cost handlingRoll into new loanPay upfrontCurrent payment$1,978.98Refi payment$1,795.25New principal$284,000.00Break-even21.8 months