Mortgage Refinance Calculator

How much interest can you save if you refinance your mortgage? This calculator helps you find out! Enter the specifics about your current mortgage, along with new loan amortization, rate and closing costs. We will then determine how much interest refinancing can save you.

Please do not hesitate to contact me so I can assist in answering all your questions.

Mortgage Amount:		Current Mortgage Balance:	$98,663.79
Interest Rate:		New Mortgage Balance:	$98,663.79
Mortgage Amortization:	40 years 39 years 38 years 37 years 36 years 35 years 34 years 33 years 32 years 31 years 30 years 29 years 28 years 27 years 26 years 25 years 24 years 23 years 22 years 21 years 20 years 19 years 18 years 17 years 16 years 15 years 14 years 13 years 12 years 11 years 10 years 9 years 8 years 7 years 6 years 5 years 4 years 3 years 2 years 1 years	Interest on Mortgage:	$121,143.80
Payment Type:	weekly bi-weekly accelerated weekly accelerated bi-weekly semi-monthly monthly	Interest on New Mortgage:	$77,721.34
Payments Made:
New Interest Rate:		Interest Savings:	$43,422.46
New Mortgage Amortization:	40 years 39 years 38 years 37 years 36 years 35 years 34 years 33 years 32 years 31 years 30 years 29 years 28 years 27 years 26 years 25 years 24 years 23 years 22 years 21 years 20 years 19 years 18 years 17 years 16 years 15 years 14 years 13 years 12 years 11 years 10 years 9 years 8 years 7 years 6 years 5 years 4 years 3 years 2 years 1 years	Monthly Savings:	$175.26
New Payment Type:	weekly bi-weekly accelerated weekly accelerated bi-weekly semi-monthly monthly
Prepayment Penalties:
Closing Costs:
The refinancing breaks even in 11 months.