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Should I Refi?

This calculator will help you determine what your monthly savings might be if you refinance now. Fill in the following information and click the Calculate button for results.

Should I Refinance
Principal balance of your mortgage:
Amount of your monthly mortgage payment:
Your mortgage's current interest rate:
Interest rate you will be refinancing at:
Number of years you will be refinancing for:
Closing costs that will be required for refinancing:

Monthly payment if you refinance:
Monthly Savings:
Number of months to break even on closing costs:
Interest you will pay under your current mortgage:
Interest you will pay under your refinanced mortgage:
Interest you will save if you refinance:
Net Savings (interest savings less closing costs):


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