Mortgage Information
 Current Balance($)
 Current Payment($)
 Current Rate(%)

Home Information
 Home Value($)
 Years Before Sell

 Refinance Info
 Loan Amount($)
 Interest Rate
 Term in Years
 Loan Points(%)
 Loan Costs($)

Instructions

Enter current mortgage, home, and refinance information. This calculator analyzes the total cost and savings of your refinance transaction as well as principal balance when you sell your home and break even periods.

Additional Services
Secure Online Quick App Prequalification Analysis Current Interest Rates


Results

Explanation

Based on your current and calculated mortgage payments, this calculator figures your monthly savings. It also compares your principal balance in 5 with and without refinancing. Based on your total cost to refinance, a break even period is calculated in relation to your monthly savings. The time value of money and income tax deductions are not considered in this refinance calculation.