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621 Ann St.
Stroudsburg, PA 18360

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Mortgage Calculators

License Info

    Licensed by:
  • Licensed by State of New York Banking Department
    License #207653
  • Licensed by Pennsylvania Department of Banking
    License #21064
  • Licensed by State of New Jersey Department of Banking and Insurance Licensing Services Bureau
  • Licensed by State of Connecticut Department of Banking
  • Licensed by Maryland Department of Labor Licensing and Regulations
    License #06-19360
    NMLS:
  • ID #35957

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 & Interest Only):
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:
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):



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