Mortgage Refinancing Calculator

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Mortgage Refinancing Calculator

This calculator, one of the Mortgage Calculators in the Personal Finance Calculators section, is designed to help answer the question, "Should I refinance my mortgage?"

If you would like to install the Mortgage Refinancing Calculator on your website you have one of two options:

Option #1: You can install the calculator for free (see terms and conditions listed beneath the calculator).

Option #2: You can pay a small, one-time, commercial-use fee (see benefits listed beneath the calculator).

Either option will help you to attract new visitors to your website, as well as give your repeat visitors yet another reason to return more often.

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?

This is how much your monthly payment will be if you refinance:
Monthly Payment Reduction:
# of months for interest savings to offset closing costs:
This is how much interest you will pay under your current monthly payment plan:
This is how much interest you will pay under your refinanced monthly payment plan:
This is how much interest you will save if you refinance:
Net Refinancing Savings (interest savings less closing costs):

Mortgage Refinancing Calculator, Copyright © 2001 - 2011, Daniel C. Peterson, All Rights Reserved. Web Winder Website Services, Providing Online Calculators for Websites since 1997.

Free Installation Terms Benefits of a Commercial Use License

If you would like to install the Mortgage Refinancing Calculator on your site for free, please observe the following terms and conditions:

Free installations do not come with and free installation help or support.

The copyright and link to my site that appear at the end of the calculator must remain working and visible.

The copyright must remain commented into the javascript code.

The design and layout of the calculator must remain as is.

If you agree to abide by the above terms you are free to install a copy of this calculator on your website. If you purchase a one-time commercial-use license for the Mortgage Refinancing Calculator (for as little as $5) you will gain the following benefits:

Free installation help and support.

Design one template that will be built into all calculators you license.

No need to include a link to my site.

Free access to future upgrades with your design already built-in.

To purchase a commercial-use license for the Mortgage Refinancing Calculator simply create a shopping cart and then visit the Online Calculator Store where you can add calculators to your shopping cart as you browse through the store. The calculator that is on this page can be found in the Personal Finance Calculators section, under the title, "Mortgage Refinancing Calculator" (Product ID #64).

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Contact: Dan Peterson
P.O. Box 11
Bemidji, MN 56619
(218) 243-2263