Refinance Calculator

CaliforniaCalculator.net

Loan details

Current mortgage
$
%
yrmo
Proposed refinance
%
yrmo
$
$
yr

New payment: $1,842.26

Current payment
$2,025.62
Monthly savings
$183.36
Simple break-even
33 months
Cash to close
$6,000.00

5-year comparison

Net interest-and-cost savings
$8,873.45
Current remaining balance
$271,686.49
Proposed remaining balance
$267,814.58
Current remaining interest
$307,686.45
Proposed interest + closing costs
$258,678.74
Estimated lifetime savings
$49,007.70
Term change
No change

Current vs. proposed

Monthly principal and interest

Current$2,025.62
Proposed$1,842.26

Remaining borrowing cost

Current$307,686.45
Proposed$258,678.74

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