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Tuesday
February 7, 2012
1 Year Closed :
2.75 %
3 Year Closed :
2.79 %
5 Year Closed :
3.19 %
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Early Renewal
Use this calculator to determine if you should refinance your current mortgage at a lower interest rate and preview how many months it will take to break even on the refinancing costs.
Enter the Current principal balance of your mortgage:
$
Enter the amount of your monthly mortgage payment:
$
Enter the your mortgage's current interest rate:
%
Enter interest rate you will be refinancing at:
%
Enter the number of years you will be refinancing for:
yrs
Enter the closing costs that will be required for refinancing:
$
1.
This is how much your monthly payment will be if you refinance:
2.
Monthly Difference:
3.
Number of months to break even on closing costs:
4.
This is how much interest you will pay under your refinanced monthly payment plan:
5.
This is how much interest you will pay under your current monthly payment plan:
6.
This is how much interest you will save if you refinance:
7.
Net Refinancing Savings (interest savings less closing costs):
Note: There are penalties associated with an early renewal and vary with all financial institutions. Our mortgage specialists can assist you in makeing an informed decision to renew.
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* Reason for Inquiry
--None--
Refinancing Home
Home Loan
Debt Consolidation
Home Improvement
Mortgage Renewal
Purchase - Just researching my options
Purchase - Have not found home yet
Purchase-have a signed realtor contract
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