Calculator guide · available in the app
A lower payment is only part of the answer.
Check what you save, what it costs, and how long you expect to keep the loan.
Compare refinancing assumptions, monthly savings, closing costs, and simple break-even timing with Kora’s refinance calculator workflow.
Available now on iPhone, iPad, and native Mac. Free download; advanced workflows require Kora Intelligence.
How the estimate works
Refinance: the useful part, explained.
Simple break-even months = refinance costs ÷ monthly payment savings
This simple comparison assumes positive, consistent savings and does not capture every change in loan term, principal, taxes, or time value of money. Compare total borrowing cost as well as monthly payment.
A worked example.
Illustration: $6,000 in refinance costs and $200 monthly savings give a simple 30-month break-even. Extending the loan term can change total interest even when the payment falls.
Illustrative planning example only. Not a quote, appraisal, commitment, or prediction.
Keep the assumptions in view.
- Financed closing costs still have a cost.
- A new term can lower the payment while extending repayment.
- Do not divide by zero or negative savings and call it break-even.
Take the calculation into the property work.
Keep the assumptions clear, add your branding, and give the next conversation something useful to start from.
Available now on iPhone, iPad, and native Mac. Free download; advanced workflows require Kora Intelligence.
A few useful answers
Before the next step.
What does the Refinance page provide?
An explanation, a worked example, and the native Kora app workflow. This page does not contain a live browser calculator.
Are these current rates or transaction terms?
No. Worked examples and prefilled values are illustrative assumptions. Use terms appropriate to your scenario and verify the result with the relevant professional.
Can I keep a branded summary in Kora?
Kora supports branded calculator summaries. Advanced Property Room reports are part of the separate room workflow; check the availability notice and current App Store release.