Tom Peter, CRS
Anne M. Peter, Broker
Estimated Refinance Costs Calculator
Contact Us :
Tom's Direct:
(513) 235-8000
Anne Marie's Direct:
(513) 235-1770
Email:
Enter the balance of your current mortgage (ask your mortgage lender for the current payoff or look at your latest statement):
Enter your current monthly mortgage payment:
Enter your current mortgage's interest rate:
Enter the interest rate you can refinance at:
Enter the number of years you can refinance at:
Enter the closing costs that you will be paying to refinance:
This is your new monthly payment if you refinance:
Monthly Savings:
This is how much interest you will pay under your current mortgage:
This is how much interest you will pay under your new refinanced mortgage:
You will save this much interest if you refinance and keep the new mortgage to term:
Net Refinancing Savings (interest savings minus closing costs):
NOTE:
You can end up paying MORE in interest if you refinance a mortgage that is almost paid off over a new longer term, even if your payments per month are much lower.
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Calculators :
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