Refinance Analysis Calculator

Refinance analysis calculator

This calculator will help you to decide whether or not you should refinance your current mortgage at a lower interest rate. Not only will this calculator calculate the monthly payment and net interest savings, but it will also calculate how many months it will take to break even on the closing costs.

Principal balance of your mortgage:

Amount of your monthly mortgage payment:

Your 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?

Monthly payment will be if you refinance:

Buying: $0.00

Your Monthly Savings will be:

Buying: $0.00

This is how much your monthly payment will be if you refinance: $0.00

Monthly Payment Reduction: $0.00

# of months for interest savings to offset closing costs: 0

This is how much interest you will pay under your current monthly payment plan: $0.00

This is how much interest you will pay under your refinanced monthly payment plan: $0.00

This is how much interest you will save if you refinance: $0.00

Net Refinancing Savings (interest savings less closing costs): $0.00

* Note: The calculator above uses these items in its calculations: private mortgage insurance, homeowner's insurance cost, loan closing cost, cost of selling a home, property tax, homeowner's tax saving, and rent increases. Calculator results are estimates only.