Description
When you refinance at a lower interest rate, you usually pay refinancing costs including points, fees, and closing costs. This calculator will tell you if the amount you save in interest will exceed these refinancing costs. The calculated results depend on how long you plan to keep this property.
Choose for Refinance or New
Loan:
How many banks you
want compare with:
Principal
Amount in $ (Dollars)
Term in years
Payment period
Loan type
Existing Loan
Original loan amount in $ (Dollars)
Original mortgage
length in years
Existing Loan Name
Term in years for existing loan
Existing Monthly Payment in $ (Dollars)
Current interest rate (in %)
Points (in %)
Other fees in $ (Dollars)
Date of loan
Loan 1 Information
Loan 1 Name
Interest
Rate (in %)
Points
Other fees in $ (Dollars)
Loan 2 Information
Loan 2 Name
Interest
Rate (in %)
Points (in %)
Other fees in $ (Dollars)
Loan 3 Information
Loan 3 Name
Interest
Rate (in %)
Points (in %)
Other fees in $ (Dollars)
Loan 4 Information
Loan 4 Name
Interest
Rate (in %)
Points (in %)
Other fees in $ (Dollars)
Loan 5 Information
Loan 5 Name
Interest
Rate (in %)
Points (in %)
Other fees in $ (Dollars)
Loan 6 Information
Loan 6 Name
Interest
Rate (in %)
Points (in %)
Other fees in $ (Dollars)
Loan 7 Information
Loan 7 Name
Interest
Rate (in %)
Points (in %)
Other fees in $ (Dollars)
Loan 8 Information
Loan 8 Name
Interest
Rate (in %)
Points (in %)
Other fees in $ (Dollars)
Loan 9 Information
Loan 9 Name
Interest
Rate (in %)
Points (in %)
Other fees in $ (Dollars)
Loan 10 Information
Loan 10 Name
Interest
Rate
Points (in %)
Other fees in $ (Dollars)