Refinance calculator
Should my customer refinance? Just enter information about your customer's current loan and the new loan your customer is thinking of taking, and we'll calculate the savings.

Mortgage Information
What is the current loan balance?   $
What is the current interest rate of the loan?   %
What is the current principal and interest payment?   $

Refinance Information
What is the current estimated value of your customer's property?   $
What is the term of the new loan?
What is the estimated amount of the new loan?   $
What is the interest rate of the new loan?   %
calculate
Results
Based on the information you provided above:
Estimated costs to obtain a new mortgage: $1,122.75
Current Monthly Payment: $1,150
Refinance Payment: $699.21
How much lower the new payment would be than the current one: $450.79
Months to break even: 2 month(s)