Enter Information on your CURRENT mortgage
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| What was the month in which this mortgage originated? |
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| What was the year in which this mortgage originated? |
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| What was the original amount of this mortgage? |
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| What is the term of this mortgage? |
year |
| What is the interest rate? |
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Information on your NEW mortgage
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| What is the mortgage amount? (The value at right is the calculated amount you currently owe) |
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| What is the term of this mortgage? |
year |
| What is the interest rate? |
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| What are your estimated closing costs, including any points paid upfront? |
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The Results
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| Your current monthly payment is |
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| Your new monthly payment will be |
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| If you refinance now, your monthly payments will be reduced by |
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| It will take this long to "break even," or recover closing costs on the new mortgage |
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