Mortgage Refinancing Calculator

	SHOULD I CONSIDER REFINANCING?
	Enter your current mortgage's principal balance: (Your current mortgage lender can give you your current payoff amount)
	Enter your monthly mortgage payment:
	Enter the current interest rate of your current mortgage:
	Enter the interest rate you will be refinancing at:
	Enter the number of years you will be refinancing for:
	Enter the closing costs that will be required for refinancing: (Note: Closing costs can be married into your monthly loan payments)
		(Answers below)
	This is your monthly payment after you refinance:
	This is your monthly savings:
	This is the number of months it will take to break even on closing costs:
	This is how much interest you will pay under your current mortgage payment plan:
	This is how much interest you will pay under your refinanced payment plan:
	This is how much interest you will save if you refinance:
	Net refinancing savings (interest savings minus closing costs):

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