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Refinance Calculator
Original Loan Amount
$
Original Loan Term
 
Interest Rate
 
%
Monthly Payment
$
Months Paid
 
New Interest Rate
 
%
Term
 
Years before you plan to sell the house
years
Average Savings Rate
%
After clicking, please wait. The calculations may take up to 3 seconds.

Current balance (remaining principal): $0000
Old monthly payment: $0000
New monthly payment: $0000
Savings per month: $0000
Total Payments for x years at new rate: $000000
Total Payments for x years with old rate: $000000
Amount saved by switching to new rate: $000000
Amount saved by switching to new rate and depositing the saved money into a savings account: $000000
Amortization of loans
(current balance is maroon, new balance is orange)
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Savings balance
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Net savings
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Savings schedule
End of Year # New Loan Balance Old Loan Balance Savings Balance Net Savings
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