Enter the principal balance of your mortgage: (call your lender for the current payoff amount)

Enter your current monthly mortgage payment:

Enter your mortgage's current interest rate:

Enter new interest rate (refinanced rate):

Enter the number of years you will be refinancing for:

Enter the closing costs that will be required for refinancing: (may need to call your lender or estimate the amount)

Monthly payment if you refinance:

Monthly savings (old payment vs new):

Number of months to break even on closing costs:

Interest you will pay on current monthly payments:

Interest you will pay on refinanced monthly payments:

Money (interest charges) saved if you refinance:

Net Refinancing Savings (interest savings less closing costs):