Current Balance 

 

 New Loan Amount 

 
       

  Current Payment 

 

New Interest Rate 

 
       

Current Rate 

 

New Loan Years 

 
       

Home Value 

 

Points 

 
       

Years Before Sale 

 

Other Closing Costs 

 
       

                                              

Instructions
This simple calculator calculates your monthly payment based on your input. Select the Taxes and Insurance box to estimate your impounds (taxes, insurance, mortgage insurance). This calculator assumes conventional mortgage financing for calculating mortgage insurance.

Results
Current Monthly Principal & Interest: $2,670.00
Refinance Monthly Principal & Interest: $1,798.65
Monthly Savings: $871.35
   
Balance at Sale: $234,134.53
Refinance Balance at Sale: $279,163.18
Total Costs: $5,000.00
Break Even: 0 Years 5 Months

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Real Estate Broker - License #: 01015912    CA Department of Real Estate  
DRE Tel: (916) 227-0931   B & P Code 10235.5, 10236.4 and Reg. 2847.3