Mortgage Refinancing Calculator


Please note that this information should be used as a guideline and is not a commitment to lend.

Mortgage Refinancing Calculator
This calculator will help you to decide whether or not you should refinance your current mortgage at a lower interest rate. Not only will this calculator calculate the monthly payment and net interest savings, but it will also calculate how many months it will take to break even on the closing costs.

Enter the balance of your mortgage:
(call your mortgage lender and ask for the current payoff amount)

$ .00

Enter the amount of your monthly mortgage payment:
(principal and interest portion only)

$ .00

Enter your mortgage's current interest rate:

%

Enter interest rate you will be refinancing at:

%

Enter the number of years you will be refinancing for:

Enter the closing costs that will be required for refinancing:

$


Note: The commercial mortgage calculators displayed in this website should be used as a guideline and do not represent a commitment to lend. Commercial Loan Direct and CLD Financial, LLC are not liable for any calculation errors resulting from the use of these calculators.