Refinance Calculator

REFINANCE CALCULATOR

Should I refinance?

Enter your Current and New Mortgage information to find out.

Information on your CURRENT mortgage
Month in which this mortgage originated?
Year in which this mortgage originated?
Original amount of this mortgage?
Term of this mortgage?	year
Current interest rate?
Information on your NEW mortgage
Mortgage amount? (Calculated amount you currently owe)
Term of this mortgage?	year
New interest rate?
Estimated closing costs, including any points paid upfront?

The Results
Your current monthly payment is
Your new monthly payment will be
If you refinance now, your monthly payments will be reduced by
It will take this long to recover closing costs on the new mortgage

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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