Refinance 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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