Quick Jump:     


 Home
 Contact Us
 Meet The Team
 Community
 Properties For Sale
 Interest Rates
 Calculators
 Home Valuation
 Home Search
 Relocation Package
Your current mortgage information
(1) Enter the principal amount due on your mortgage. You can obtain this number from your lender.
(2) Enter the interest rate on your current mortgage as an annual percentage rate (e.g., 8.25% = 8.25).
(3) Enter your monthly mortgage payment (do not include the amount of your payment earmarked for insurance, property taxes, or other items).

Your proposed new mortgage information
(4) Enter the interest rate on your proposed new mortgage as an annual percentage rate.
(5) Enter the number of years of your proposed new mortgage in decimal format (e.g., 15 years and 6 months = 15.5).
(6) Enter your closing costs (or an estimate) for the proposed new mortgage.

Your Results . . .
Monthly Estimates Total Estimates
Your old monthly payment Total estimated interest due on old mortgage
Your new monthly payment Total estimated interest due on new mortgage
Your estimated monthly savings Total estimated savings on interest
Estimated savings on interest less closing costs
Estimated number of months to recover closing costs

Before you make a final decision, we recommend you consult a lender or an attorney to determine whether you will benefit from refinancing. The upfront costs of the refinance transaction may outweigh any savings in interest payments. The key is to determine how soon you will (a) recoup your closing costs and (b) pay off the mortgage.




Each Office is Independently Owned and Operated. ©2008 Century 21 Real Estate LLC. CENTURY 21® is a registered trademark licensed to Century 21 Real Estate LLC.  Equal Housing Opportunity.
©2008 CENTURY 21 Simpson Realty, Inc.