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CONVERSION CHART
STANDARD DEVIATION
MORTGAGE CALCULATOR

Updated April 2021


TOOLS

| MORTGAGE | MORTGAGE PAYMENT | DEBT CONSOLIDATOR | REFINANCE |

Refinance Calculator

When interest rates drop, the appeal of refinancing your mortgage grows. But it's important to know the real costs-and potential savings-before making a move. Use the refinance calculator below to find out if you should refinance

Homeowners can see how their existing mortgage payments might change if they were to refinance, and, just as important, how long it would take to recover any closing costs associated with refinancing.

Instructions. Just fill in the text boxes with the requested information. As you tab or mouse click through the boxes, your results will appear automatically in the boxes below. You can change any of your entries, in case you want to try several different scenarios, but you must tab or mouse click to another box to update your results.

You must have JavaScript enabled on your browser to use this calculator.

Your Current Mortgage Information
What was the month in which this mortgage originated?
What was the year in which this mortgage originated?
What was the original amount of this mortgage?
What is the term of this mortgage? years
What is the interest rate?
Your New Mortgage Information
What is the mortgage amount?
(The value below is the calculated amount you currently owe.)
What is the term of this mortgage? year
What is the interest rate?
What are your estimated closing costs, including any points paid upfront?

Refinance Worksheet Results
Your current monthly payment is:
Your new monthly payment will be:
If you refinance now, your monthly payments will be reduced by:
It will take this long to "break even":
(that is, to recover closing costs on the new mortgage)

Conclusion Current Loan New Loan Info
Number of payments
made so far:
Number of remaining
payments at refinance date:
Total interest paid
as of refinance date:
Total unpaid interest
at refinance date:

Note: Amounts are estimates only. For more accurate estimation or if you have additional questions contact Paul Willies 813-258-5827


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