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Note: Information and interactive calculators are made available to you as self-help tools for your independent use. We cannot and do not guarantee their accuracy or their applicability to your circumstances. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
 
 Mortgage Refinancing Calculator
 
 
ENTER DETAILS HERE
 
Principal balance of your mortgage: $
Amount of your monthly mortgage payment: $
Mortgage's current interest rate:    %
Interest rate you will be refinancing at:   
Number of years you will be refinancing for:   
Closing costs:
Would you like to finance the closing costs?   


  
RESULT
 
Your monthly payment will be if you refinance:
Monthly Payment Reduction:
# of months for interest savings to offset closing costs:
Interest you will pay under your current monthly payment plan:
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):
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