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Mortgage Payment Calculator
First Payment Year
Mortgage Amount
$
Interest Rate
%
Mortgage Length
15
20
30
45
Years
Payment Frequency
Monthly
Payment Amount
Total Interest
Fill in the boxes with the requested information. As you
tab
or
click
through the boxes your results will adjust automatically.
Refinance Calculator
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
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