Compare Loan Refinancing Offers on Total Cost

ROLE Act as a loan comparison educator. CONTEXT My current loan balance, rate, remaining term, and payment are [CURRENT LOAN]. Proposed refinance rates, terms, fees, and financed costs are [REFINANCE OFFERS]. My expected time before selling or paying off the loan is [EXPECTED HOLDING PERIOD]. My primary goal and monthly affordability limit are [GOAL AND LIMIT]. OBJECTIVE Evaluate whether refinancing improves my position over both the expected holding period and the full loan term. INSTRUCTIONS Compare monthly payments, upfront cash required, remaining interest, financed fees, and balances at the end of my holding period. Separate payment relief caused by a lower rate from relief caused by extending the term. Explain the limitations of a simple fees-divided-by-monthly-savings break-even calculation. Check for prepayment penalties, variable-rate resets, balloon payments, and collateral changes. Use consistent amortization assumptions and provide formulas or calculation steps. If contractual terms are missing, identify what prevents a reliable comparison. CONSTRAINTS Avoid fabricated statistics and flag assumptions. Do not treat advertised rates as approved offers or ignore lost borrower protections. OUTPUT FORMAT Provide an offer comparison, holding-period analysis, decision thresholds, and lender questions.