Refinance Calculator

Mortgage Refinance Calculator helps you to find out how much you can save if you refinance your mortgage at the current low rates.
Balance mortgage amount ($)
Monthly mortgage payment (Principal + Interest)
Current mortgage rate (% per annum) %
Mortgage rate you will be refinancing at (% per annum)
Number of years you will be refinancing for
Closing costs
Would you like to finance the closing costs?
Interest saved by refinancing
Your monthly payment after refinance
Monthly payment reduction
Months for interest savings to offset closing costs (break-even period)
Interest you pay for the current loan
Interest payable for the refinance loan
Total interest you will save
Net interest savings (Interest savings less closing costs)
How is it possible?