Mortgage Refinancing Calculator by Your Real Estate

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Mortgage Refinancing Calculator from Dawn Kittel

This calculator will help you decide whether you should refinance your current mortgage at a lower interest rate, or not. This calculator also calculates the monthly payment and net interest savings and it will show you how many months it will take to break even on the closing costs. Begin by clicking in the first entry field and follow the instructions that appear in the Help/Instruction box.

Enter the principal balance of your mortgage:		Help/Instruction
Enter the amount of your monthly mortgage payment:
Enter your mortgage's current interest rate:
Enter interest rate you will be refinancing at:
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 Reduction:
? # 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.