© 2003 Addie Mac
Enter the principal balance of your mortgage:
balance
Enter the amount of your monthly mortgage payment:
payment
Enter the your mortgage's current interest rate:
current rate
Enter interest rate you will be refinancing at:
new rate
Enter the number of years you will be refinancing for:
years
Enter the closing costs that will be required for refinancing:
closing costs
This is how much your monthly payment will be if you refinance:
new payment
Monthly Savings:
mo. savings
Number of months to break even on closing costs:
break even
This is how much interest you will pay under your current monthly payment plan:
current interest $
This is how much interest you will pay under your refinanced monthly payment plan:
new interest $
This is how much interest you will save if you refinance:
saved interest $
Net Refinancing Savings (interest savings less closing costs):
total savings
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