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Advanced Refinance Calculator

To receive a deeper understanding as to whether or not you should refinance, just enter the information about your existing loan and new loan.  Our advanced refi calculator will tell you if this new loan can lower your monthly payments and help you save on interest and fees.

Advanced Refinance Calculator

Existing Loan Information

  1. 1
    Original Loan Date
  2. 2
  3. 3
    Original Loan Amount
    $
  4. 4
    Original Term years

New Loan Information

  1. 5
    New Loan Balance
    $
  2. 6
    Closing Costs $
  3. 7
  4. 8
    New Term years
  5. 9
    If Taking "Cash out," Enter the Amount
    $
  6. 10
    Closing Costs Will Be Paid By..

Existing Loan Summary

Original Interest Rate: 4% Original Loan Amount: $60,000
Original Loan Term: 20years Total Payments made till date: $523,567
Loan Start Date: Mar 2000 Remaining Principal eligible for Refinance: $298,285
Monthly Payment: $3,636 Cash Out: $0
Refinance Interest Rate 3% Closing Cost: $5,965

Principal Amount $$5,965 for years @ % APR

Monthly Payment(Principal and Interest) Total Interest Payable Total Payments Payoff Date
$5,965 $5,965 $5,965 $5,965

Principal Amount $$5,965 for years @ % APR

Monthly Payment(Principal and Interest) Total Interest Payable Total Payments Payoff Date
$5,965 $5,965 $5,965 $5,965
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