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Mortgage Calculator

 

Refinance Calculator

 

Existing Loan

$

$

yrs. mos.

%

New Loan

$

%

%

years



I. Payment Analysis

Existing Loan Payment Amount: $ *

New Loan Payment Amount: $ *

Savings/Loss from difference in monthly payments: $

Amount saved over years due to decreased payment amount: $

* Monthly payment amount includes principal and interest only. Monthly taxes and insurance are not included



II. Reduction of Loan Principal Analysis

Principal reduction of existing loan after years if you DO NOT refinance: $

Principal reduction of new loan after years if you DO refinance: $

Savings/Loss from difference in the principal reduction after years: $



III. Estimated Cost to Refinance:

$ (Closing costs including discount points)


IV. Total Savings/Loss With This Refinance Scenario:

$ (I + II minus III)

Today's Refinance Rates
Product Today +/-
30-year Fixed * 4.62 % rate up As compared
15-year Fixed * 2.50 % rate up to last
5/1 ARM 2.64 % rate up week