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Refinancing a Mortgage

See the cost and savings of refinancing at a lower interest, net of closing costs... 

Refinancing a Mortgage
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New monthly payment (after refinancing) ---
Change in Monthly Payment ---
Time to offset closing costs by interest savings ---
Total interest to be paid under existing mortgage ---
Total interest to be paid under refinanced mortgage ---
Interest Savings ---
Refinancing Savings (net of closing costs) ---

If you refinance your current 4.00% mortgage and your current 45.00% mortgage into a single 45.00% mortgage, your monthly payment will decrease by $87.56 and you will pay an additional $1,249.43 in interest charges over the life of the mortgage.

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Information Deemed Reliable, but Not Guaranteed. The property information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this web site comes in part from the participating Brokers.

Last updated on Apr 25, 2017.

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