Mortgage Refinance Calculator
Refinancing a Mortgage

This calculator will illustrate the cost and savings of refinancing at a lower interest, net of closing costs.

Unpaid balance of mortgage *
Monthly mortgage payment *
Interest rate (current) *
Interest rate (new) *
Term of refinancing (years) *
Closing costs *
Finance closing costs?

  
  
  
 
  
  
  

New monthly payment (after refinancing)
Change in Monthly Payment
Time to offset closing costs by interest savings
Total interest to be paid under existing mortgage
Total interest to be paid under refinanced mortgage
Interest Savings
Refinancing Savings (net of closing costs)