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Mortgage Calculator     
Calculators Provided by: IMAGEPROWEBSITE.COM

Should I Refinance?

Input Information
  Before Refinancing After Refinancing
Amount : ($)
Interest Rate : (%) (%)
Length : (Yrs) (Yrs)
Months Paid : (Mts)
Years Before Sell : (Yrs)
Fees and Points
Points : (%)
Origination Fees : (%)
Closing Costs : ($)
Your Taxes Rates
Tax Rate : (%)
State Tax Rate : (%)

Financial Analysis (Switch to Plain English)
  Before Refinancing After Refinancing
Monthly Payment : $1,122.61 $1,136.20
Total Monthly Payments : $67,356.70 $68,172.28
Monthly Payment Savings : $-815.58
Total Interests Paid : $36,681.21 $48,344.56
Tax Savings : $11,371.18 $14,986.81
Tax Saving Losses : $-3,615.64
Balance at Refinance : $224,242.68
Points Value : $2,242.43
Refinance amount : $224,242.68
Balance at Sale : $193,567.19 $204,414.96
Balance Losses : $10,847.77
Total Losses : $7,232.13
Total Closing Costs : $3,442.43
Total Savings : $-815.58
Total Benefit
(Savings - Losses - Closing) : 		$-11,490.14
Plain English Help (Switch to Financial Analysis)

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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or it's applicability to your financial situation. Please consult your own financial advisor.