Financial Calculators

Use our Financial Calculators to help make your financial planning more convenient.

This calculator will help you decide whether or not you should refinance your current mortgage at a lower interest rate. It will calculate the monthly payment and the net interest.

  Your Loan Information
Principal Balance:
Monthly Payment:
Current Interest Rate:
New Interest Rate:

This is the interest rate that you will be refinancing at.

New Loan Term (Years):

Number of years you will be refinancing for.

Closing costs:
 
 
  Results of Refinancing
New Monthly Payment:

This is how much your monthly payment will be if you refinance

Monthly Savings:
Existing Interest:

This is how much interest you will pay under your current monthly payment plan.

New Interest:

This is how much interest you will pay under your refinanced monthly payment plan.

Interest Savings:

This is how much interest you will save if you refinance.

Net Refinancing Savings:

This is the total amount you will save if you refinance (interest savings less closing costs).



These Calculators are provided as a free service to our users. No guarantee, explicit or implied, is made regarding their accuracy or suitability to a specific purpose. The result of this calculation should not be taken as a statement of one's credit-worthiness, but rather a general guideline of industry practices. Use of any calculator on this site shall constitute acceptance of the terms of this agreement.