Strategic Points Group Massachusetts and Rhode Island Real Estate
 Strategic Points Group Massachusetts and Rhode Island Real Estate Home      Strategic Points Group Massachusetts and Rhode Island Real Estate Site Search      Strategic Points Group Massachusetts and Rhode Island Real Estate About Us      Strategic Points Group Massachusetts and Rhode Island Real Estate Careers      Strategic Points Group Massachusetts and Rhode Island Real Estate Contact Us
Contact us: PO Box 826, Raynham Ctr, MA 02768
Phone: 508-636-2800 - Fax: 866-838-6190

Real Estate

 Overview
 Search MLS
 Property Listings
Properties Sold
Distressed Homes
List for Less
   No Commissions!
Short Sales
 Buying Homes
 Selling Homes
 Community Profiles
 Mortgages
 Property Mgmt
 REITs
 1031 Exchanges
 Dream Home
 Market Analysis
Contact a Realtor

Mortgages

 Overview
 Pick a Payment
 Preapprove
 About FICO
 Apply Online
 Contact a Broker

Tools/Resources

 Free Newsletter
 Calculators
 Real Estate Terms
 Life Ins Terms
 Auto Ins Terms
 School Rpts
 Neighborhood Rpts
 Community Profiles
  

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:
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 Calculators
  1. Mortgage Payment
  2. Mortgage Tax Benefits
  3. Mortgage Qualification
  4. Mortgage Term Comparison
  5. Rent vs. Buy
  6. Mortgage Pay Off
  7. Mortgage Refinance
  8. Bi-weekly vs. Monthly Mortgage Payments
  9. Credit Line
  10. Debt to Income Ratio
Auto Calculators
  1. Auto Cost Comparison
  2. Auto Affordability
  3. Auto Loan vs. Home Equity
  4. Auto Loan Rate Comparison
Savings Calculators
  1. Millionaire Time
  2. Certificate of Deposit
Personal Finance
  1. Net Worth Calculator
  2. Life Insurance Needs
Retirement Calculators
  1. Traditional IRA vs. Roth IRA
  2. Retirement Savings
Information and interactive calculators are made available to you as self-help tools for your independent use. We can not and do not guarantee their accuracy or their applicability to your circumstances. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.


Privacy Terms Disclaimer Fair Housing Site Map © Strategic Points Group - All rights reserved.
Last Updated: