🔄 Refinancing Impact Explorer
Unlock the power of refinancing and see how switching rates mid-loan reshapes your repayments and equity trajectory! This Refinancing page lets you simulate a rate change at any point and compare “before vs. after” in real time.
🔧 Interactive Inputs
Refinance Date slider – Choose when in your loan life (as a fraction of total term) you’ll switch
Refinancing Rate (%) slider – Set your new annual interest rate
(Plus your regular Deposit, Loan Amount, Original Interest Rate & Loan Term controls)
📊 Repayments with Refinance
🟡 Orange = interest portion
🟢 Green = principal portion
🔵 Blue = monthly payment
🔑 At your refinance date, the blue line jumps to your new payment amount, and the orange & green lines kink as interest resets—instantly revealing savings (or costs!) from your new rate.
📈 Cumulative Payments Post-Refi
🟡 Orange = total interest paid to date (old rate then new rate)
🟢 Green = total principal repaid to date
🔵 Blue = overall cash outflow (principal + interest)
Watch how your cumulative curves change slope after refinancing—flattening interest growth and accelerating principal repayment if you’ve locked in a lower rate.
💰 Loan Balance & Equity After Refi
🔵 Blue (left axis) = remaining loan balance in dollars
🟢 Green (right axis) = home equity as percentage
Notice the bend in each curve at the refinance point: your balance amortises faster (or slower) under the new terms, and your equity build-up rate adjusts accordingly.
🚀 How to Explore
Slide the Refinance Date and Refinancing Rate to test different scenarios 📅🔢
Compare pre- and post-refi trajectories—look for kinks and slope changes in all charts 🕵️♂️
Hover for precise month-by-month values at any stage 🖱️
Use the info icons for quick color/line legends and pro tips 🎨
Ready to see whether a refinance could supercharge your savings or extend your payoff timeline? Dive in and experiment! 🎉