A “Refinance Calculator” is a financial tool that helps homeowners assess the potential benefits of refinancing their mortgage. By inputting details such as current loan amount, interest rates, and loan term, users can calculate monthly payments and savings over time. This calculator provides insights into break-even points, helping borrowers determine how long it will take to recoup refinancing costs. It’s essential for making informed decisions about mortgage options, interest rates, and financial goals. Ultimately, the tool aids in evaluating whether refinancing is a smart financial move.