Refinance Calculator

Directions

1. The original amount of your mortgage, say 125000, under Original Loan Balance
   
2. The interest rate on your original mortgage, say 9.5
   
3. The current amount of your mortgage, say 118500, under New Loan Balance
   
4. The interest rate on a new mortgage if you refinance
   
5. The closing costs on your new loan (points, fees for application, title search attorneys, appraisal, etc.)

Click on compute, and the calculator will figure your principal and interest (P&I) payments, how much you would save each month, and how many months it would take to break even.

Original Loan			New Loan
Balance	rate	P&I payment	Balance	rate	closing cost	P&I payment
$		$	$		$	$