Home Mortgage Refinancing Calculator This calculator helps you determine whether you will save money by refinancing you Instructions: - Fill out the white boxes, replacing the sample numbers. - Read your results in the orange boxes.
Old Mortgage Current monthly payment Balance left on mortgage Current interest rate Years left on current loan $ $ 1,000 100,000 5% 10
New Mortgage New interest rate New loan term (years) Refinancing Costs Points Cost of points $ Application fee $ Credit check $ Attorney's fee (yours) $ Attorney's fee (lender's) $ Title search $ Title insurance $ Appraisal fee $ Inspections $ Local fees (taxes, transfers) $ Document preparation $ Other $
4% 12
1 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000
tgage Refinancing Calculator ator helps you determine whether you will save money by refinancing your mortgage.
ut the white boxes, replacing the sample numbers. your results in the orange boxes.
New monthly payment Monthly savings You'll pay this much more interest over the life of the new loan Total refinancing costs Months to recoup refinancing costs
$
$875.53 124.47
$ 6,076.09 $ 12,000 96.41
###