Refinance Calculator

To Get a good idea of your breakeven costs and amount you can $ave.

Refinance Calculator

Information on your CURRENT mortgage

What was the month in which this mortgage originated?
What was the year in which this mortgage originated?
What was the original amount of this mortgage?
What is the term of this mortgage? year
What is the Current interest rate?

Information on your NEW mortgage
This is your Aprox. Mortgage Balance (based on above info)
What term are you looking for on your new mortgage? year
What rate are you trying to get?
What are your estimated closing costs?


The Results
Your Current monthly payment is Presently
Your New monthly payment will be
Your current monthly payments will be Reduced by
It will take this long to "break even," or recover closing costs
Mortgage analysis CURRENT Loan NEW Loan
Number of payments made so far
Number of remaining payments at refinance date
Total interest paid as of refinance date
Total unpaid interest at refinance date

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