Should you refinance your current mortgage loan? Use this mortgage refinance calculator to estimate how much you can expect to save by refinancing. Compare your current home loan with a new rate, loan term, and loan amount.
A calculator alone often does not tell thewhole story.
Visit our closing plan to get a deeper analysis of refinance options, interest rates, and monthly mortgage payments.
This is the percentage paid to the lender for the money you've borrowed. Interest rates are based on your credit score and several other factors, as well as market fluctuations.
This is the full amount you were originally loaned toward the purchase of your home.
This is the current amount remaining on your original loan amount.
This amount represents the savings you will have when comparing remaining payments on your current loan with payments you will have to make on your new loan.
This is the length of time chosen to fully pay off your loan.
The year you took out your current home loan.
The closing costs and fees associated with a prospective refinance.
The number of months it will take for your monthly savings to offset fees associated with your prospective refinance.