Enter the principal balance of your mortgage: (call your mortgage lender and ask for the current payoff amount)
Enter amount of monthly mortgage payment:
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 percentage points dollar amount : (# of points is "2" or dollar amount is .02 times the principal)
Would you like to finance the closing costs?	No Yes
Your monthly payment if you refinance:
Monthly Payment Reduction:
# of months for interest savings to offset closing costs:
Interest you will pay under your current plan:
Interest you will pay under your refinanced plan:
Interest you will save if you refinance:
Net Refinancing Savings (interest less closing costs)