Mortgage Calculator  -  Refinance Calculator Below

Input
 Enter the values
Years
Interest (Percentage)
Loan Amount
Annual Tax
Annual Insurance
Calculated Results
Do not enter values to the following fields:
Monthly Principle + Interest
Monthly Tax
Monthly Insurance
Total Payment
 

 

 

Refinance Calculator
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:
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 that will be required for refinancing:

Results Listed Below

 

 

Do not enter values to the following fields:
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):

Summary