{
  "id": "refinance-calculator",
  "version": "7.0.0",
  "name": "Refinance Calculator",
  "shortName": "Refinance",
  "description": "Determine if refinancing your mortgage or loan makes financial sense.",
  "category": "Finance",
  "categorySlug": "finance",
  "keywords": [
    "refinance"
  ],
  "status": "live",
  "workStatus": "pending",
  "reviewStatus": "pending",
  "migrationStatus": "migrated",
  "migratedDate": "2026-08-18",
  "engine": "legacy-react",
  "creator": null,
  "reviewer": null,
  "quality": {
    "availability": "live",
    "technicalReviewRecord": "/reviews/refinance-calculator.json",
    "qualifiedReview": "pending",
    "qualifiedReviewer": null,
    "qualifiedReviewDate": null,
    "formulaVersion": "7.0.0",
    "referenceCoverage": "references-pending",
    "releaseTestScope": "Catalog and regression checks are not a professional formula audit; consult release evidence.",
    "historicalMetadataDate": "2026-08-18",
    "historicalMetadataNotice": "The imported date is not evidence of a completed human review."
  },
  "urls": {
    "page": "/calculator/refinance-calculator/",
    "definition": "/calculator/refinance-calculator/definition.json",
    "schema": "/calculator/refinance-calculator/schema.json",
    "llms": "/calculator/refinance-calculator/llms.txt",
    "legacyDefinition": "/calculator/refinance-calculator.json"
  },
  "queryExample": "https://askcalculators.com/calculator/refinance-calculator/?loanAmount=200000&currentRate=6.5&currentTerm=30&yearsPaid=5&newRate=5&newTerm=25&closingCosts=4000",
  "queryParameters": {
    "loanAmount": {
      "label": "Remaining Balance",
      "type": "number",
      "required": false,
      "default": 200000
    },
    "currentRate": {
      "label": "Current Interest Rate",
      "type": "number",
      "required": false,
      "default": 6.5
    },
    "currentTerm": {
      "label": "Original Term (Yrs)",
      "type": "number",
      "required": false,
      "default": 30
    },
    "yearsPaid": {
      "label": "Years Paid",
      "type": "number",
      "required": false,
      "default": 5
    },
    "newRate": {
      "label": "New Interest Rate",
      "type": "number",
      "required": false,
      "default": 5
    },
    "newTerm": {
      "label": "New Term (Years)",
      "type": "number",
      "required": false,
      "default": 25
    },
    "closingCosts": {
      "label": "Closing Costs",
      "type": "number",
      "required": false,
      "default": 4000
    }
  },
  "inputs": [
    {
      "id": "loanAmount",
      "label": "Remaining Balance",
      "type": "number",
      "defaultValue": 200000
    },
    {
      "id": "currentRate",
      "label": "Current Interest Rate",
      "type": "number",
      "defaultValue": 6.5
    },
    {
      "id": "currentTerm",
      "label": "Original Term (Yrs)",
      "type": "number",
      "defaultValue": 30
    },
    {
      "id": "yearsPaid",
      "label": "Years Paid",
      "type": "number",
      "defaultValue": 5
    },
    {
      "id": "newRate",
      "label": "New Interest Rate",
      "type": "number",
      "defaultValue": 5
    },
    {
      "id": "newTerm",
      "label": "New Term (Years)",
      "type": "number",
      "defaultValue": 25
    },
    {
      "id": "closingCosts",
      "label": "Closing Costs",
      "type": "number",
      "defaultValue": 4000
    }
  ],
  "outputs": [
    {
      "id": "result",
      "label": "Result",
      "format": "text",
      "primary": true
    }
  ],
  "formula": {
    "expression": "Current and new loan payments use the installment formula; monthly savings = old payment − new payment and break-even months = closing costs ÷ monthly savings."
  },
  "examples": [
    {
      "label": "Reproducible default-input example (not a personal recommendation)",
      "inputs": {
        "loanAmount": 200000,
        "currentRate": 6.5,
        "currentTerm": 30,
        "yearsPaid": 5,
        "newRate": 5,
        "newTerm": 25,
        "closingCosts": 4000
      }
    }
  ],
  "sources": []
}