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Mortgage Refinancing Calculators

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 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 & Interest Only):
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 : (Typically, # of points is "2" or dollar amount is .02 times the principal)
Would you like to finance the closing costs?

This is how much your monthly payment will be if you refinance:
Monthly Payment Reduction:
# of months for interest savings to offset 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):


Mortgage Loans by City!


		Akron		Hamilton

		Alliance		Lima

		Athens		Lakewood

		Baltimore		Lorain

		Beaver Creek		Massillon

		Canton		Marion

		Cincinnati		Madison

		Cleveland		Marietta

		Columbus		Portsmouth

		Concord		Steubenville

		Cleveland Heights		Springfield

		Chillicothe		Toronto

		Dayton		Toledo

		Delaware		Wellston

		Elyria		Warren

		Fairfield		Youngstown

		Fairborn		Zanesville

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