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» Refinance Break Even Point


 

 

 

 

 

 

 

 

 

 

 

Mortgage Refinancing Calculator - Break Even Point

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 and interest portion only)
Enter the 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 that will be required for refinancing:
This is how much your monthly payment will be if you refinance:
Monthly Savings:
Number of months to break even on 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):
Call Us At 812-246-LOAN (5626) or visit us at 816 County Road 160, Charlestown IN 47111 M-F 9am-6pm
NMLS Number 18533