Refinance Analysis Calculator


This calculator is to be used for a general estimated idea of what a refinance outcome could result in and is not a guarantee.  Additional fees that could be required are not part of this calculation. This calculator is not specific to any mortgage loan program.  This model is based on an excellent credit score and the information that is entered by the user.

Figures shown are estimates based on the market conditions as of the date of publication, and are subject to change without notice.  Interest Rate is based on an excellent credit score. Actual rate, annual percentage rate (APR) and other figures may vary.  Not all applicants will qualify. Please contact us for an exact quote and for more information on fees and terms.

Mortgage Refinancing Calculator
This calculator will help you to decide whether or not you should refinance your current mortgage at a lower interest rate. Not only will this calculator calculate the monthly payment and net interest savings, but it will also calculate how many months it will take to break even on the closing costs.
Enter the principal balance of your mortgage:
(call your mortgage lender and ask for the current payoff amount)
Enter the amount of your monthly mortgage payment (Principal & Interest Only):
Enter 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 :
(Typically, # of points is "2" or dollar amount is .02 times the principal)
Would you like to finance the closing costs?
 
 

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