refinance calculator can help you calculate new monthly
principal and interest payment when you refinance your
existing mortgage. It can also show your monthly savings and
how many months to be needed to recoup the closing costs of
this refinance transaction.
Enter current monthly principal & interest payment, the new mortgage
loan amount, the new interest rate, the new loan term in
years, and the closing costs, then click Calculate button,
your new monthly principal & interest payment, monthly savings, and
months to recoup the
closing costs will be displayed.