IT Consortium
Powerful Site Translation Now Available
SEARCH IT CONSORTIUM
 

:: Web Solutions
:: Web Site References
:: Graphic Design
:: Email Marketing
:: SEO Optimization
:: Support Services
:: Technical Expertise
:: Multilingual Solutions
:: Consulting & Recruiting

:: ITC Member Profiles
:: Webcenter Partners
:: Webcenter Solutions +
:: Contact Us
:: Home


Integrated Calculators :: Financial
CASH FLOW :: COLLEGE FUNDING :: DEBT CONSOLIDATION :: DEBT INVESTMENT :: EXPENSE PERCENTAGE :: GENERIC SAVINGS :: IRA :: LOAN COMPARISON :: MONTHLY DEPOSIT SAVINGS :: MORTAGE :: NET WORTH :: PAYMENT BREAKDOWN :: PORTFOLIO MIX :: REFINANCING :: RETIREMENT SAVINGS :: SAVINGS GOAL :: SINGLE DEPOSIT SAVINGS :: VARIABLE COMPOUND SAVINGS
Should you refinance your mortgage?

Whenever interest rates drop, the appeal of refinancing your mortgage grows. But it's important to know the real costs -- and potential savings -- before making a move. To use the worksheet, JavaScript must be enabled on your browser.

Instructions. Just fill in the non-colored boxes with the requested information. As you tab or mouse-click through the boxes, your results will appear automatically in the colored boxes. You can change any of your entries, in case you want to try several different scenarios, but you must tab or mouse-click to another box to update your results.
Information on your 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 your NEW mortgage
What is the mortgage amount? (The value at right is the calculated amount you currently owe)
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
If you do not have an Internet presence, then you are not competing in today's marketplace.
© Copyright 2004 ITConsortium, All rights reserved.

Click on any Flag to Translate this site to that Language
English French German Italian Japanese Simplified Chinese Spanish