MENU
Log In
Register
(636) 898-0888 Toll Free: (877) 456-2900
Build Your Loan
Find A Loan Specialist
Info Center
Apply Now
Contact Us
Frontier Chronicles
Home Purchases
Refinancing
Things to Know
Needed Documents
Loan Types
Glossary
Financial Calculators
Bi-Weekly
Interest Only
Refinance
Amortization
Standard
Affordability
BACK
Build Your Loan
Find A Loan Specialist
Info Center
Apply Now
Contact Us
Frontier Chronicles
Build Your Loan
Find A Loan Specialist
Info Center
Apply Now
Contact Us
Frontier Chronicles
Home Purchases
Refinancing
Things to Know
Needed Documents
Loan Types
Glossary
Financial Calculators
Bi-Weekly
Interest Only
Refinance
Amortization
Standard
Affordability
MORE
Bi-Weekly
Interest Only
Refinance
Amortization
Standard
Affordability
Refinance 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 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)
Equal Housing Lender © Frontier Financial, Inc. dba Frontier Mortgage. All Rights reserved. Rates and Terms Subject to Change without notice.