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REFINANCE CALCULATOR

We are pleased you are taking the time out to find why it is beneficial to look into this process.
Whether or not you are considering a simple refiance, reconsolidation of bills, or even get cash out for investment purposes (buying a second home), this page will help you in finding out how refiancing will benifit you. For more specific answers or for other options that are available, contact us or call (800)360-2824 and ask for help.

When you go through this process, please be honest with yourself. This is for informational purposes and gives you guidelines as to why you should refiance. It is only for your use and is not a guaranteed method of picking the best program for your refiancing. When you have decided to contact us , one of our professional staff will help you determine what programs are best for you.

Note:Interest rates fluctuate so often no rates can be guaranteed and may very well go higher (or lower) depending on the market. To guarantee any rate, you must apply for a mortgage and have a rate lock confirmation in order to assure any rate. We have assumed you have excellent credit and your figures are accurate, including property value. Contact our office to get a better assessment what we can do for you.

Information on your CURRENT mortgage
What was the month in which this mortgage originated?
What was the year in which this mortgage originated?
What was the original amount of this mortgage?
What is the term of this mortgage? year
What is the interest rate?
Information on your NEW mortgage
What is the mortgage amount? (The value at right is the calculated amount you currently owe)
What is the term of this mortgage? year
What is the interest rate?
What are your estimated closing costs, including any points paid upfront?
The Results
Your current monthly payment is:
Your new monthly payment will be:
If you refinance now, your monthly payments will be reduced by:
It will take this long to "break even," or recover closing costs on the new mortgage:
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: