Mortgage Refinancing Calculator

This calculator will help you decide whether or not you should refinance your current mortgage at a lower interest rate. It will calculate the monthly payment and the net interest.

Your Loan Information: Principal Balance of your mortgage Amount of your monthly mortgage payment Mortgage current interest rate Interest rate you will be refinancing at Number of years you will be refinancing for Closing costs required for refinancing Results of Refinancing: Monthly payment in case of refinance Monthly Savings Interest under your current monthly payment plan Interest under your refinanced monthly payment plan Interest you will save if you refinance Net Refinancing Savings (interest savings less closing costs)