Mortgage Refinancing Calculator

You should provide the data in the lines in black and the calculator will compute the data in the blue ones. Then you can compare your current payments with those you would make if refinanced and see if you can save money or not. Please do not enter $ signs, comma separators or % signs into the mortgage refinancing calculator. Only numbers and an optional decimal point.

Normally your current financial institution will charge some closing costs to cancel your current mortgage. These costs should be leveraged by your refinance savings, but will need a number of months of savings to overcome it. To save money by refinancing your mortgage you should stay in your current home at least the "Number of Months to break even".

Your Current Mortgage   Unpaid balance   Monthly payment   Current interest rate   Closing costs   Total interest to pay   # Months left	New Mortgage   New interest rate   Number of years   Monthly payment   Total interests to pay   # Months left
Savings By Refinancing   Monthly savings   Total interest savings   Net savings (Interest savings less closing costs)   # Months to break even

We hope this calculator is useful for you. You can adjust interest rates and the number of years so that the monthly payments and total savings given by the mortgage refinancing calculator are maximum.

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