Refinance Calculator

Wondering whether a home loan refinance is a feasible option for you? Understanding the math behind the question will help you determine whether or not a refinance will save you money on your mortgage in the long run. If math isn’t your strength, you are in luck. We have a calculator just for you.

First, a little background: When you closed on your home loan, you paid closing costs. What some people don’t realize is a refinance also involves closing costs. So – in almost all cases – refinancing a home loan is only a good idea when the amount you’ll save in interest over the life of the loan is greater than the closing costs you’ll pay up front.

This easy-to-use calculator will help you estimate your what your new mortgage payment might look like. In other words, it will help you figure out if refinancing is a smart decision for your situation.

After you’ve given the calculator a go and you’re ready to refinance, contact one of our loan professionals for a complimentary consultation.

Monthly Payment
Calculator: Refinance

Monthly Principal & Interest = $0000.00
Monthly Tax = $0000.00
Monthly Homeowner Insurance = $0000.00
Total Montly Payment = $0000.00

Disclaimer: The calculated results shown above are based on conventional loan program guidelines. Other loan programs are available and may provide results that better fit your individual needs. Calculations completed within this tool are estimates and are not guaranteed to be accurate. Payments shown do not include amounts for taxes and insurance; actual payment obligation will be greater.

Year Interest Principal Balance
Year Interest Principal Balance

All loan requests are subject to credit approval as well as specific loan program requirements and guidelines. With Adjustable Rate Mortgage loans, the rate is variable and may increase or decrease every year after the initial fixed rate period based on changes to an index. This could result in an increase in the monthly payment.