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Information on CURRENT mortgage
What was the month in which this mortgage originated?
What was the year in which this mortgage originated?
What was the original amount of this mortgage?
What is the term of this mortgage? year
What is the interest rate?
Information on NEW mortgage
What is the mortgage amount? (Our calculated amount on your existing mortgage)
What is the term of this mortgage? year
What is the interest rate?
What are your estimated closing costs, including any points paid upfront?

The Results
Your current monthly payment is
Your new monthly payment will be
If you refinance now, your monthly payments will be reduced by
It will take this long to "break even," or recover closing costs on the new mortgage

Mortgage Analysis CURRENT Loan

NEW Loan

 
Number of payments made so far  
Number of remaining payments at refinance date  
Total interest paid as of refinance date  
Total unpaid interest at refinance date  

Mortgage Fact:

A long-term, fixed-rate real estate loan is repaid over a 10 to 30 year term at an unchanging monthly payment and interest rate.
  Tip

Owning a house compared to renting offers you some financial advantages like tax savings and appreciation and provides a place you can truly call home.

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