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We Have the Right Mortgage Loan For You! |
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Is Now a Good Time to Refinance?
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Enter the information in the table below to analyze your own specific refinance scenario to help you determine if now is a good time to refinance your existing mortgage. |
| Existing Loan | |
| Original term of your loan: | |
| Your original loan amount: | $ |
| Your current loan balance: | $ |
| How long you have had this loan: | yrs. mos. |
| Your current interest rate: | % |
| New Loan | |
| Your new loan amount: | $ |
| Your new mortgage term: | |
| Your new interest rate: | % |
| Your estimated closing costs: | % |
| How long you plan to stay in your home after refinancing: | years |
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I. Payment Analysis |
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| Existing Loan Payment Amount:* | $ |
| New Loan Payment Amount:* | $ |
| Savings/Loss from difference in monthly payments: | $ |
| Amount saved over years due to decreased payment amount: | $ |
| *Monthly
payment amount includes principal and interest only. Monthly taxes and insurance are not included. |
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II. Reduction of Loan Principal Analysis |
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| Principal reduction of existing loan after years if you DO NOT refinance: | $ |
| Principal reduction of new loan after years if you DO refinance: | $ |
| Savings/Loss from difference in the principal reduction after years: | $ |
III. Estimated Cost to Refinance: |
$ |
| (Closing costs including discount points) | |
IV. Total Savings/Loss With This Refinance Scenario: |
$ |
| (I + II minus III) |
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