Payment w/ Amortization Loan Comparison Early Payoff Should I Refinance?Rent vs. BuyAdvanced Loan Comparison Blended RateDebt Consolidation
Payment w/ Amortization Loan Comparison Early Payoff Rent vs. Buy Advanced Loan Comparison Blended Rate Debt Consolidation
The Metrolina Mortgage Team
Loan Officer
Fairway Independent Mortgage
P: (561) 523-2226
M: (561) 523-2226
www.MetrolinaFairway.com
13700 Providence Rd
Ste 120
Weddington NC 28104
License:
1002891
Ask Me a Question
Home » Mortgage Calculators » Should I Refinance Calculator
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Should I Refinance?
Use this calculator to determine if refinancing is the right option for you. Estimate the amount of money refinancing your mortgage could save you by comparing your current loan with different variables on a new loan including interest rates, loan terms, cash out, etc.
Should I Refinance?
Use this calculator to determine if refinancing is the right option for you. Estimate the amount of money refinancing your mortgage could save you by comparing your current loan with different variables on a new loan including interest rates, loan terms, cash out, etc.
Current Loan
$
%
New Loan
$
$
$
$
%
Old Payment:
$640
New Payment:
$576
-$64
Current Loan:$1,922
New Loan:$1,729
Your monthly payment will decrease $192 per month.
Current Loan Remaining Interest:
$117,503
New Loan Interest:
$119,065
$1,563
Current Loan:$352,880
New Loan:$357,572
You will pay $4,693 more in interest fees over the life of the loan.
Refinance Costs:
$1,665
Time to Recoup Fees:
8.7 mos
It will take you 26.0 months to recoup the cost to refinance.
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Created with Highcharts 10.1.0YearTotal Saved Payment ($)202620282030203220342036203820402042204420462048205020522054-10k010k20k30k40k50k60k70k
The Metrolina Mortgage Team
Loan Officer
Fairway Independent Mortgage
P: (561) 523-2226
M: (561) 523-2226
www.MetrolinaFairway.com
13700 Providence Rd
Ste 120
Weddington NC 28104
License:
1002891
Ask Me a Question
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Reproduction or redistribution this newsletter, outside of the distribution services provided, is prohibited. Interest rate data provided in this newsletter are national averages. Rate/APR terms may differ. All information provided "as is" for informational purposes only.