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