Refinance Calculator
| Refinance | |||
|---|---|---|---|
| Savings For New Loan | {{result.totalTable.savingMonth}} Pre Month | ||
| Lifetime Savings For New Loan | {{result.totalTable.lifetimeSaving}} | ||
| Upfront Cost | {{result.totalTable.upfrontCost}} | ||
| Current Loan | New Loan | Difference | |
| Principal/Loan Amount | {{result.totalTable.originalRemainingAmount}} | {{result.totalTable.newRemainingAmount}} | {{result.totalTable.amountDiff}} |
| Length | {{result.totalTable.remainingMonths}} | {{result.totalTable.newLoanMonths}} | {{result.totalTable.monthsDiff}} |
| Interest Rate | {{result.totalTable.originalInterest}} | {{result.totalTable.newInterest}} | {{result.totalTable.interestDiff}} |
| Monthly Pay | {{result.totalTable.originMonthlyPayment}} | {{result.totalTable.newMonthlyPayment}} | {{result.totalTable.monthlyPaymentDiff}} |
| Total Payments | {{result.totalTable.totalPayment}} | {{result.totalTable.newTotalPayment}} | {{result.totalTable.totalPaymentDiff}} |
| Total Interest | {{result.totalTable.totalInterest}} | {{result.totalTable.newTotalInterest}} | {{result.totalTable.totalInterestDiff}} |
| Points Equivalent To | {{result.totalTable.pointsCost}} | ||
| Cost + Points (Upfront) | {{result.totalTable.pointsWithCost}} | ||
| Cash Out | {{result.totalTable.cashOutVal}} | ||
| Take Home Amount After Cost/Point | {{result.totalTable.takeHomeAmountVal}} | ||
| Time to Recover Cost/Point | {{result.totalTable.recoveryTimeVal}} | ||
Refinance Calculator could help you calculate monthly payments, amortization, total purchase price, and more, and discover the potential savings and benefits of refinancing your mortgage. Analyze various scenarios, compare loan options, and make informed decisions to optimize your finances.
Whether you're looking to lower your monthly payments, reduce your interest rate, or shorten your loan term, our calculator empowers you to explore different scenarios and make informed decisions about your mortgage.
What is Refinancing?
Refinancing involves replacing your existing mortgage with a new one, typically to obtain better terms, lower interest rates, or adjust the loan duration. By refinancing, homeowners can potentially save money over the life of their loan and improve their financial situation.
How Does the Refinance Calculator Work?
Our Refinance Calculator takes into account various factors, including your current mortgage details, proposed new loan terms, closing costs, and potential savings. By inputting this information, you can analyze different scenarios and determine the financial impact of refinancing.
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