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Mortgage Refinancing Calculator
Use this calculator to determine if you should refinance your current mortgage at a lower interest rate. and preview how many months it will take to break even on the refinancing costs.
Enter the Current principal balance of your mortgage:	$
Enter the amount of your monthly mortgage payment:	$
Enter the your mortgage's current interest rate:	%
Enter interest rate you will be refinancing at:	%
Enter the number of years you will be refinancing for:	yrs
Enter the closing costs that will be required for refinancing:	$

This is how much your monthly payment will be if you refinance:	$
Monthly Savings:	$
Number of months to break even on closing costs:	$
This is how much interest you will pay under your current monthly payment plan:	$
This is how much interest you will pay under your refinanced monthly payment plan:	$
This is how much interest you will save if you refinance:	$
Net Refinancing Savings (interest savings less closing costs):	$

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Mortgage Refinancing Calculator