Mortgage Refinance Planner
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Keep '-' and '+' buttons at the slider ends pressed for smaller adjustments to go faster. |
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| Personal Information | |
| Marginal tax rate | |
Resale Plan (months)  |
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| Original Mortgage Terms | |
| Mortgage amount | |
| Mortgage term (years) | |
| Mortgage rate | |
| Months Paid | |
| New Mortgage Terms | |
| Refinance Mortgage Rate | |
| Refinance Term | |
| Refinance Fees | |
| Application Fees | |
| Points | |
| Title | |
| Other | |
| Legal | |
Refinance benefits start when the Interest Rate is below: 5.75 %
| Analysis | Original | New | ||
|---|---|---|---|---|
| Mortgage amount | ||||
| Mortgage payment | ||||
| Months to recover refinancing costs | - | 14 | ||
| Mortgage balance at resale | ||||
| Principal repaid to resale | ||||
| Total payments to resale | ||||
| Total interest to resale | ||||
| Tax deduction on interest | ||||
| Net interest cost to resale | ||||
| Interest savings (costs) | - | |||
| Total savings (costs) | - |