Refinance Analysis Calculator

Mortgage Refinancing Calculator
This calculator will help you to decide whether or not you should refinance your current mortgage at a lower interest rate. Not only will this calculator calculate the monthly payment and net interest savings, but it will also calculate how many months it will take to break even on the closing costs.
Enter the principal balance of your mortgage:
(call your mortgage lender and ask for the current payoff amount)
Enter the amount of your monthly mortgage payment (Principal & Interest Only):
Enter your mortgage's current interest rate:
Enter interest rate you will be refinancing at:
Enter the number of years you will be refinancing for:
Enter the closing costs :
(Typically, # of points is "2" or dollar amount is .02 times the principal)
Would you like to finance the closing costs?
 

 

 
 

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Complete this 30 second form to receive a no obligation consulation. We will analyze your situation and determine the best solution.

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Call Us: (718) 943-9200
Email Us: info@amerimutualmortgage.com

 

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NY MUTUAL LLC DBA AMERIMUTUAL MORTGAGE | 18-33 41ST STREET, 2ND FLOOR, ASTORIA, NY 11105 | NMLS # 148477

REGISTERED MORTGAGE BROKER-NYS DEPARTMENT OF FINANCIAL SERVICES* ALL MORTGAGE LOANS ARE ARRANGED WITH THIRD PARTY PROVIDERS