Expert Mortgage
Calculator
This calculator was designed to be used as a guideline to help determine if now is the time for you to refinance. Please note that each loan is different. If you have any questions, please ask a licensed lender.
Enter the current principal balance of your mortgage:
(Please do not use comma separator)
Enter the amount of your existing monthly mortgage payment:
(Please do not use comma separator)
Enter the your mortgage's current interest rate:
Enter the new interest rate you will be refinancing at:
Enter how many years you will be refinancing for:
Select
30 Years
20 Years
15 Years
10 Years
5 Years
3 Years
Enter the estimated closing costs that will be required for refinancing:
This is how much your new monthly payment will be if you refinance:
Your Estimated 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 about how much interest you will pay under your refinanced monthly payment plan:
This is about how much interest you will save if you refinance:
Net Refinancing Savings (interest savings less closing costs):
--Your results here--
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