Time to Refinance?

Are you paying too much interest on your current mortgage? Just enter your current mortgage information into the refinance calculator below to see if it would be wise to consider refinancing your property. 

This tool is for informational use only. All figures are approximations. Early, missed, and late payments on your current mortgage will affect your new mortgage amount. Consult with your financial advisor or mortgage banker for additional information that may affect your particular situation.

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Information on your CURRENT mortgage
What was the month in which your mortgage originated?
What was the year in which your mortgage originated?
What was the original amount of this mortgage?
What is the term of this mortgage? years
What is the interest rate?


Information on your NEW mortgage
Your new mortgage amount

What is the term of your new mortgage?

year
What is the interest rate of your new mortgage?

What are your estimated closing costs, including any points?

 
-The Results -
Your current monthly payment is approximately:
Your new monthly payment will be approximately:
If you refinance now, your monthly payments will be reduced by about:
Your "break even" period to recover refinancing costs is about:
 
-Mortgage analysis CURRENT Loan NEW Loan
Number of payments made so far:

Number of remaining payments at refinance date:
Total interest paid as of refinance date:
Total unpaid interest at refinance date: