Refinance Calculator

Principal balance
Years remaining to pay-off principal balance  Years
Monthly mortgage payment
Current interest rate %
Desired new interest rate %
Number of years you will be refinancing  Years
Closing costs required for refinancing
 

 
New monthly payment
Monthly Savings
Number of months to recoup on closing costs
Interest for current monthly payment plan
Interest for refinanced monthly payment plan
Interest you will save if you refinance
Net Refinancing Savings