|
Financing Information
|
Amount
|
Enter the principal balance of your mortgage:
(call your mortgage lender and ask for the current payoff amount) |
|
| Enter the amount of your monthly mortgage
payment: |
|
| Enter your mortgage's current interest rate: |
|
| Enter interest rate you will be refinancing
at: |
|
| Enter the number of years you will be refinancing
for: |
|
Enter the closing costs
:
(Typically, # of points is "2" or
dollar amount is .02 times the principal) |
|
| Would you like to finance the closing costs? |
|
|
|
|
Financing Information
|
Amount
|
| This is how much your monthly payment will
be if you refinance: |
|
| Monthly Payment Reduction: |
|
| # of months for interest savings to offset
closing costs: |
|
| This is how much interest you will pay under
your current monthly payment plan: |
|
| This is how much interest you will pay under
your refinanced monthly payment plan: |
|
| This is how much interest you will save
if you refinance: |
|
| Net Refinancing Savings (interest savings
less closing costs): |
|
|
|
