Calculators

 

Should I Refinance?

     
  Before Refinance After Refinance
Amount : ($)
Interest Rate : (%) (%)
Length : (Yrs) (Yrs)
Months Paid : (Mts)
Years Before Sell : (Yrs)
 
Fees and Points
Points : (%)
Origination Fees : (%)
Closing Cost : ($)
 
Your Taxes Rates
Tax Rate : (%)
State Tax Rate : (%)
 
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  Before Refinance After Refinance
Monthly Payment : $1,498.88 $1,394.77
Total Monthly Payments : $89,932.58 $83,686.18
Monthly Payment Savings : $6,246.40
Total Interest Paid : $66,511.00 $67,528.12
Tax Savings : $20,618.41 $20,933.72
Tax Saving Losses : $-315.31
Balance at Refinance : $232,635.89
Points Value : $2,326.36
Refinance amount : $232,635.89
Balance at Sale : $209,214.31 $216,477.83
Balance Losses : $7,263.52
Total Losses : $6,948.21
Total Closing Cost : $3,526.36
Total Savings : $6,246.40
Total Benefit
(Savings - Losses - Closing) : 		$-4,228.17