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REFINANCE CALCULATOR -
Current Mortgage Information
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What was the
month in which this mortgage
originated? |
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What was the
year in which this mortgage
originated? |
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What was the original
amount of this mortgage? |
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What is the term of
this mortgage? |
year
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What is the interest
rate? |
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Information on your NEW
mortgage |
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What is the mortgage
amount? (The value at right is the calculated
amount you currently owe) |
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What is the term of
this mortgage? |
year |
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What is the interest
rate? |
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What are your
estimated closing costs, including any points
paid upfront? |
Rule
$1500 under $50,000 or 3% over $50,000 (NO OUT
OF POCKET!) |
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Results------------------------------------------------------ |
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Your current
monthly payment is |
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Your new
monthly payment will be |
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If you refinance now,
your monthly payments will be reduced
by |
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It will take this
long to "break even," or recover closing costs
on the new mortgage |
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Mortgage
analysis |
CURRENT
Loan |
NEW
Loan |
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Number of payments
made so far |
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Number of remaining
payments at refinance date |
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Total interest paid
as of refinance date |
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Total unpaid interest
at refinance date |
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