Calculator
|
Mortgage Refinancing |
|
|
Enter the principal balance of your mortgage: (call your mortgage lender and ask |
|
| Enter the amount of your monthly mortgage payment: | |
| Enter the your mortgage’s current interest rate: | |
| Enter interest rate you will be refinancing at: | |
| Enter the number of years you will be refinancing for: | |
| Enter the closing costs that will be required for refinancing: | |
|
|
|
| This is how much your monthly payment will be if you refinance: | |
| Monthly Savings: | |
| Number of months to break even on closing costs: | |
| This is how much interest you will pay under your current monthly payment plan: | |
| This is how much interest you will pay under your refinanced monthly payment plan: | |
| This is how much interest you will save if you refinance: | |
| Net Refinancing Savings (interest savings less closing costs): | |
|
|
|