For Buyers Refinance Mortgage Calculator

For Buyers

South Florida Real Estate Residential, Commercial, Foreclosures

Address:

1744 NE Miami Gardens Drive,
North Miami Beach, FL 33179
tel. 305-940-1135
fax 305-940-1165
cell 954-295-3856
sm @ njru.com

Latest News

Reverse Mortgages

TWO MILLION MORE SENIORS COULD ACCESS REVERSE MORTGAGES UNDER FHA REFORM PROPOSAL Read More >

Search

Mortgage Center » Mortgage Refinancing Calculator

Mortgage Refinancing Calculator

This JavaScript calculator will help you to decide whether or not you should refinance your current mortgage at a lower interest rate. Not only will this calculator calculate the monthly payment and net interest savings, but it will also calculate how many months it will take to break even on the closing costs.

Enter the principal balance of your mortgage:
(call your mortgage lender and ask for the current payoff amount) Enter the amount of your monthly mortgage payment:
(principal and interest portion only)
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:
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:
This is how much interest you will save if you refinance:
Net Refinancing Savings (interest savings less closing costs):
Copyright © 1997-2007 Web Winder Site Traffic Magnets . All rights reserved.

South Florida Real Estate

Stan Mikhalsky: sm@njru.com 954-295-3856