First, tell us about your current loan:
What is the annual interest rate of your current mortgage?
What is your current monthly mortgage payment?
What is the outstanding balance of your current mortgage?
Next, fill-in some details about your proposed refinance:
How much would you like to refinance?
Which mortgage term would you prefer for your refinance?
What will your new mortgage interest rate be?
"Out of pocket" total cost to refinance
Complete the fields above to calculate an analysis between your existing mortgage and a proposed refinance. TAB or mouse-click between fields as you enter data, then click the "Calculate" button. "Out of pocket" costs represent any points or closing costs required for the refinance. Do not include an amount if you intend to include these costs in your new loan amount (be sure to increase the proposed loan amount accordingly). Solve for various loan terms to find the most cost effective scenario for you. Estimates are based on typical conventional fixed rate financing. The results provided by this calculator are intended for comparative purposes only. The accuracy of the results is not guaranteed. Due to rounding or slight differences in mathematical formulas used.