Mortgage Refinance Analysis

I simply wouldn't have the imagination to come up with the kind of senseless, soul-crushing ideas that constitute contemporary mathematics education. Paul Lockhart (via Temple Grandin)

Mortgage Refinance Analysis

Use this calculator to see if you would come out ahead converting your current Fixed Rate or ARM mortgage to a new Fixed Rate Mortgage

.....Existing Loan Information.....

Existing Loan Balance Now:

Existing Loan Original Term in Years:

Existing Loan Annual Interest Rate?:

Existing Loan First Payment:

Check if you've already made your payment this month:

Check if existing loan is variable rate:

.....New Loan Information.....

NEW Loan Will End (in Years)?:

Interest rate of NEW Loan:

Discount POINTS Charged on NEW Loan:

$
Or %

Closing Costs Rolled Into New Loan:

Closing Costs to be Paid By You:

In one year:	%	In six years:	%
In two years:	%	In seven years:	%
In three years:	%	In eight years:	%
In four years:	%	In nine years:	%
In Five Years:	%	In ten years:	%
In fifteen years: %