| Principal balance |
|
| Years remaining to pay-off principal balance |
Years |
| Monthly mortgage payment |
|
| Current interest rate |
% |
| Desired new interest rate |
% |
| Number of years you will be refinancing |
Years |
| Closing costs required for refinancing |
|
| |
|
|
| |
| New monthly payment |
|
| Monthly Savings |
|
| Number of months to recoup on closing costs |
|
| Interest for current monthly payment plan |
|
| Interest for refinanced monthly payment plan |
|
| Interest you will save if you refinance |
|
| Net Refinancing Savings |
|
