Web Winder Website Calculators: Free Calculators: Mortgage Refinancing Calculator

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Free for Your Website: Mortgage Refinancing Calculator

Terms of Use: You may install this Mortgage Refinancing Calculator on your site for free, so long as my copyright info remains embedded in the code and the link back to my website is visible on the page you install the calculator on. You will find a link to the installation page located just beneath the calculator on this page.
If you would like to purchase a license for the latest commercial grade (professional) version of this calculator, please visit our Commercial Calculator Center.
If you would simply like to use an upgraded, consumer-oriented version of this calculator for your own personal use, I invite you to try the Home Mortgage Refinancing Calculator on our free online calculator use website -- designed specifically for consumers.

Mortgage Refinancing Calculator
This JavaScript 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. Instructions: Shortcut: Fill in all the blanks in the Scenario #1 column and then click on "Compute Purchase & Ownership Costs." This will automatically copy Scenario #1 values into the Scenario #2 column.
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 and interest portion only)
Enter the 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 that will be required for refinancing:

This is how much your monthly payment will be if you refinance:
Monthly Savings:
Number of months to break even on 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):

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Click here for the installation help page for this calculator.

Home > Free Site Traffic Magnets > Free Calculators > Mortgage Refinancing Calculator

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