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Refinance Savings Calculator
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This mortgage calculator enables you compute how much you can save of the total interest and monthly payments when you refinance your existing mortgage loan at a lower interest rate. It will also help you calculate the break-even period—a point at which your revenues equal costs.
Balance Mortgage Amount $    
Mortgage Loan Monthly Payment (Principal + Interest) $    
Mortgage Loan Annual Interest Rate  %      
Refinance Mortgage Loan Annual Interest Rate  %      
Number of Years you will be Refinancing for    
Closing Costs    
Would you prefer financing the Closing Costs?

       

Your Monthly Payment will be if you Refinance $
Monthly Payment Reduction $
No. of Months for Interest Savings to Offset Closing Costs $
Interest Pay under your Current Monthly Payment Plan $
Interest Pay under your Refinanced Monthly Payment Plan $
Total Interest you will Save if you Refinance $
Net Refinancing Savings (Interest savings less closing costs) $
How is it possible?
 
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