Apply Now
765-337-2902 | Corey Vandenberg

Mortgage Refinance Calculator

Find out if refinancing to a lower interest rate makes sense for you. Not only will this web calculator show you the new monthly payment and net interest savings, but it will also show you how many months it will take to offset the closing costs you will pay.

Enter the principal balance of your mortgage:
(call your mortgage lender and ask for the current payoff amount)
Enter the amount of your monthly mortgage payment:
(principal and interest portion only)
Enter your mortgage's current interest rate:
Enter the 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:
DETAILS
This is how much your monthly payment will be if you refinance:
Monthly Savings:
Number of months to break even on closing costs:
This is how much interest you will pay under your current monthly payment plan:
This is how much interest you will pay under your refinanced monthly payment plan:
This is how much interest you will save if you refinance:
Net Refinancing Savings
(interest savings less closing costs):

* Calculators are provided for your reference only and they do not include all fees associated with a mortgage loan. Platinum Home Mortgage does not guarantee the accuracy of the calculations and results are not a commitment to provide mortgage financing.