Refinance Calculator - Should I Refiance My Mortgage

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Refinance Calculator - Should I Refiance My Mortgage
This calculator figures your monthly savings and also compares your principal balance in years with and without refinancing. Based on your total cost to refinance, a break even period is calculated in relation to your monthly savings. The time value of money and income tax deductions are not considered in this refinance calculation.

Refinance Calculator - Should I Refiance My Mortgage
	Loan Information
		Current Loan Amount
		Current Loan Payment
		Interest Rate
	Refinance Information
		New Loan Amount
		New Interest Rate
		Term In Years
	Property Information
		Property Value
		Loan Points
		Loan Costs
		Years Before Sale

Inquire Now!

Fill out a quick and easy one step form and you will be contacted by up to 4 mortgage lenders regarding your loan.

Analyze the total cost and savings of your refinance transaction.

Based on your current and calculated mortgage payments, this calculator estimates your monthly savings if you refinance your current loan. It also compares your principal balance in 5 years with and without refinancing. Based on your total cost to refinance (the loan points and loan costs you entered above), a break even period is calculated in relation to your monthly savings. The time value of money and income tax deductions are not considered in this refinance calculation.

Daily Rate Averages
30 Yr Fxd	6.38 %
15 Yr Fxd	5.94 %
7/1 ARM	6.50 %
3/1 ARM	5.88 %
5/1 ARM	6.31 %
Full Rate Averages Update: 10/15/2008
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