Loan Calculators
 
Mortgage Refinancing Calculator
This calculator will help you to decide whether or not you should refinance your current mortgage at a lower interest rate. Not only will this calculator calculate the monthly payment and net interest savings, but it will also calculate how many months it will take to break even on the closing/refinance costs.

Enter the principal balance of your mortgage:
Enter the amount of your monthly mortgage payment (Principal & Interest Only):
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/refinance costs :
(Typically, # of points is "2" or dollar amount is .02 times the principal)
Would you like to finance the closing/refinance costs?
This is how much your monthly payment will be if you refinance:
Monthly Payment Reduction:
# of months for interest savings to offset closing/refinance 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/refinance costs):
Mortgage Refinancing Calculator
Mortgage Term Comparison Calculator
Mortgage Rate Comparison Calculator

 

© Copyright 2006 The Edge Home Loans

The Edge Home Loans Pty Ltd
PO Box 2276, North Parramatta NSW 2151
Tel: 02 9705 0426 - Fax: 02 9705 0436
info@edgeloans.com.au - www.edgeloans.com.au 
 

Designed by Websites 4 Small Business