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Calculators

Refinancing Calculator

How Much Could I Save?

Mortgage Information

$
%
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Current Principal and Interest Payment
$

Refinance Information

$
$
New Loan Term
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$228

Monthly Payment Savings for 30 years

10 Months to Break Even

  • Monthly Payment:$1,572 vs $1,800
  • Interest Rate:5.56% vs 6.50%
  • Payoff Date:Apr 17, 2055
  • Total Loan Cost:$565,920
  • Estimated Closing:$2,253
Total Savings
  • 1 year $-681
  • 2 years $891
  • 3 years $2,463
  • 4 years $4,035
  • 5 years $5,607
  • 6 years $7,179
  • 7 years $8,751
  • 8 years $10,323
  • 9 years $11,895
  • 10 years $13,467
  • 11 years $15,039
  • 12 years $16,611
  • 13 years $18,183
  • 14 years $19,755
  • 15 years $21,327
  • 16 years $22,899
  • 17 years $24,471
  • 18 years $26,043
  • 19 years $27,615
  • 20 years $29,187
  • 21 years $30,759
  • 22 years $32,331
  • 23 years $33,903
  • 24 years $35,475
  • 25 years $37,047
  • 26 years $38,619
  • 27 years $40,191
  • 28 years $41,763
  • 29 years $43,335
  • 30 years $44,907

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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