Information on your CURRENT mortgage

What was the month in which this mortgage originated?

January February March April May June July August September October November December

What was the year in which this mortgage originated?

What was the original amount of this mortgage?

What is the term of this mortgage?

year

What is the interest rate?

Information on your NEW mortgage

What is the mortgage amount? (The value at right is the calculated amount you currently owe)

What is the term of this mortgage?

year

What is the interest rate?

What are your estimated closing costs, including any points paid upfront?

The Results

Your current monthly payment is

Your new monthly payment will be

If you refinance now, your monthly payments will be reduced by

It will take this long to "break even," or recover closing costs on the new mortgage

Mortgage analysis

CURRENT Loan

NEW Loan

Number of payments made so far

Number of remaining payments at refinance date

Total interest paid as of refinance date

Total unpaid interest at refinance date