| Enter
the principal balance of your mortgage (call your mortgage lender
and ask for the current payoff amount): |
|
| Enter the amount
of your monthly mortgage payment: |
|
| Enter the your mortgage's
current interest rate: |
|
| Enter interest rate
you will be refinancing at: |
|
| Enter the number
of years you will be refinancing for: |
|
| Enter the closing costs that
will be required for refinancing: |
|
| This is how much
your monthly payment will be if you refinance: |
|
| Number of months
to break even on closing costs: |
|
| This is how much
interest you will pay under your current monthly payment plan: |
|
| This is how much interest you
will pay under your refinanced monthly payment plan: |
|
| This is how much
interest you will save if you refinance: |
|
| Net Refinancing Savings (interest
savings less closing costs): |
|
Home
