HOUSTON RATE & HOLDING-PERIOD DESK
Read the contract before replacing the loan.
34 tools. One connected workspace.
Mortgage exit
Model a contract-supplied percentage or months-of-interest charge and the simple cost to refinance.
YOUR DECISION, IN NUMBERS
METHOD 2026-10-23.3Contract arithmetic, not a finding that a penalty is lawful or applies. No statutory limits are inferred. A full payoff may not permit annual privileges. Excludes accrued regular interest, escrow credits, yield maintenance and defeasance. Payment savings can reflect a longer term; simple break-even is not an economic recommendation.
Get help with my next step ↗Modeled prepayment charge
One assumption changes; everything else stays the same. This is a stress scenario, not a forecast.
No. This is contract-based arithmetic. Ask the lender to identify the clause and provide a dated payoff statement; seek qualified advice for applicability.
Ask about your next step ↗THE LONG VIEW
YOUR COMPARISON TABLE
Save up to eight scenarios on this device. Each retains its own tool and assumptions; outputs from different methods are labeled separately. Download a plan before moving to another browser or independent portal.
No scenarios saved on this device yet.
OPEN METHODS / BETTER QUESTIONS
Chargeable principal = prepayment less a confirmed applicable allowance, floored at zero. Before the entered contract window ends, apply the selected percentage or simple interest-month method. Add administration charges. Simple break-even includes new-loan costs.
Contract arithmetic, not a finding that a penalty is lawful or applies. No statutory limits are inferred. A full payoff may not permit annual privileges. Excludes accrued regular interest, escrow credits, yield maintenance and defeasance. Payment savings can reflect a longer term; simple break-even is not an economic recommendation.
Use actual property documents, matching lender estimates and qualified advice where needed. No calculator, API or MCP tool here issues an approval or guarantees a rate.
YOUR NEXT STEP / MITEY U.S.
Ask MITEY about the calculation, an assumption or how to organize your next decision. Choose whether to include your scenario.
This is an educational enquiry. It is not a request for a lender quote, approval or regulated mortgage advice.