{
  "$schema": "https://json-schema.org/draft/2020-12/schema",
  "$id": "https://askcalculators.com/calculator/refinance-calculator/schema.json",
  "title": "Refinance Calculator inputs",
  "description": "Determine if refinancing your mortgage or loan makes financial sense.",
  "type": "object",
  "properties": {
    "loanAmount": {
      "title": "Remaining Balance",
      "type": "number",
      "default": 200000
    },
    "currentRate": {
      "title": "Current Interest Rate",
      "type": "number",
      "default": 6.5
    },
    "currentTerm": {
      "title": "Original Term (Yrs)",
      "type": "number",
      "default": 30
    },
    "yearsPaid": {
      "title": "Years Paid",
      "type": "number",
      "default": 5
    },
    "newRate": {
      "title": "New Interest Rate",
      "type": "number",
      "default": 5
    },
    "newTerm": {
      "title": "New Term (Years)",
      "type": "number",
      "default": 25
    },
    "closingCosts": {
      "title": "Closing Costs",
      "type": "number",
      "default": 4000
    }
  },
  "required": [],
  "additionalProperties": false,
  "x-askcalculators": {
    "version": "7.0.0",
    "calculatorUrl": "https://askcalculators.com/calculator/refinance-calculator/",
    "queryExample": "https://askcalculators.com/calculator/refinance-calculator/?loanAmount=200000&currentRate=6.5&currentTerm=30&yearsPaid=5&newRate=5&newTerm=25&closingCosts=4000",
    "migrationStatus": "migrated",
    "reviewStatus": "pending",
    "pageStatus": "live",
    "workStatus": "pending",
    "migratedDate": "2026-08-18",
    "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."
    },
    "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."
    },
    "outputs": {
      "result": {
        "title": "Result",
        "type": "string",
        "x-format": "text",
        "x-primary": true
      }
    }
  }
}