Should you refinance your current mortgage at a lower interest rate?
This calculator will calculate the monthly payment and the net interest.
  Your Loan Information:
Principal Balance of your mortgage :
Current monthly mortgage payment:
Current interest rate:
Interest rate you will be refinancing at:
Number of years you will be refinancing for:
Closing costs required for refinancing:
 
  Results of Refinancing:
New monthly payments after refinancing:
Monthly Savings:
Interest amount you will pay under your current monthly payment plan:
Interest amount you will pay under your refinanced monthly payment plan:
Saving on interest if you refinance:
Net Refinancing Savings (interest savings less closing costs):