| Connecticut
Home Refinance Calculator
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| Whenever
interest rates drop, everybody considers the benefits of refinancing their
mortgage. It's important, however, to know the costs -- and potential
savings -- before making a move.
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| CONCERNING
YOUR CURRENT MORTGAGE |
| What month did you get your current mortgage? |
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| What year did you get your current mortgage? |
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| What was your original loan amount? |
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| What is the term of your current mortgage? |
year |
| What is the interest rate of your current mortgage? | |
| Calculated Balance of your current mortgage |
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| INFORMATION ABOUT YOUR NEW MORTGAGE |
| What is the term of the new mortgage? |
year |
| What is the interest rate of the new
mortgage? |
|
| What are your estimated closing costs, including any points paid upfront? |
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| RESULTS |
| Currently your monthly mortgage payment is |
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| The new monthly mortgage payment will be |
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| Your monthly payments will be reduced by |
|
| This is the number of months it will take
to recover your closing costs |
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