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Mortgage Refinance Analysis
Use this calculator to see if you would come out ahead converting your current Fixed Rate or ARM mortgage to a new Fixed Rate Mortgage
.....Existing Loan Information.....
Existing Loan Balance Now:
Existing Loan Original Term in Years:
Existing Loan Annual Interest Rate
?
:
%
Existing Loan First Payment:
January
February
March
April
May
June
July
August
September
October
November
December
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
Check if you've already made your payment this month:
Check if existing loan is variable rate:
.....New Loan Information.....
NEW Loan Will End (in Years)
?
:
Keep Existing Loan End
15 Years From Now
20 Years From Now
30 Years From Now
Interest rate of NEW Loan:
%
Discount POINTS Charged on NEW Loan:
$
Or
%
Closing Costs Rolled Into New Loan:
Closing Costs to be
Paid By You
:
To compare your ARM loan with your new loan you must provide some guesses as to future ARM rates
In one year:
%
In six years:
%
In two years:
%
In seven years:
%
In three years:
%
In eight years:
%
In four years:
%
In nine years:
%
In Five Years:
%
In ten years:
%
In fifteen years:
%
Some historical ARM rates for reference....