Mortgage Consolidation and Refinancing Calculator by Your Real Estate

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Mortgage Consolidation & Refinancing Calculator from Dawn Kittel

This calculator will help you to decide whether or not it would be advantageous for you to refinance either a single mortgage, or the consolidation of a first and second mortgage, into a single mortgage. Not only will this calculator calculate the monthly payment and net interest savings (if applicable), but it will also calculate how many months it will take to break even on the closing costs (if applicable). Begin by clicking in the first entry field and follow the instructions that appear in the Help/Instruction box.

First Mortgage Information
Enter the principal balance of your first mortgage:		Help/Instruction
Enter the amount of your monthly mortgage payment:
Enter your first mortgage's current interest rate:
Second Mortgage Information (Optional)
Enter the principal balance of your second mortgage:		Help/Instruction
Enter the amount of your monthly 2nd mortgage payment:
Enter your second mortgage's current interest rate:
Refinancing Information
Enter interest rate you will be refinancing at:		Help/Instruction
Enter the number of years you will be refinancing for:
Enter the closing costs :
Would you like to finance the closing costs?

? This is how much your monthly payment will be if you refinance:		Help/Instruction
? Monthly payment (decrease)/increase:
? Number of months for interest savings to offset closing costs:
? This is how much interest you will pay under your current monthly payment plan:
? This is how much interest you will pay under your refinanced monthly payment plan:
? This is how much interest you will save if you refinance:
? Net Refinancing Savings:
?Summary:

Please contact Dawn, who will be delighted to help you.