Mortgage Refinancing Calculator

Have you thought about refinancing your mortgage at a lower rate, but you aren't sure whether it's worth the effort and the added closing costs? The LoanStore.com mortgage refinancing calculator was designed to answer these questions.

LoanStore.com's mortgage refinancing calculator will not only tell you how much money you can save through refinancing, it also calculates how long it will take for you to recover the refinancing fees. That way, you'll know unequivocally whether refinancing at a new rate makes financial sense for you.

Our mortgage refinancing calculator is easy to use and will answer your questions quickly with just a little information for you. Simply enter: 1) the month during which you first obtained your current mortgage, 2) the first calendar year of your current mortgage, 3) the original amount of your current mortgage, 4) the full term of your current mortgage, 5) the interest rate of your current mortgage loan, 6) the total amount that you will need to refinance with your new mortgage, 7) the full term of your new mortgage, 8) your new mortgage interest rate and 9) the estimated closing costs for the new mortgage.

While you should be able to accurately enter your current mortgage information, you will probably have to estimate some of the values for the new mortgage, such as the interest rate and closing costs. But as long as you enter values that are based on reasonable estimates, our mortgage refinancing calculator will be able to give you clear answers about what your new monthly mortgage payment will be, how much money you will save each month, and how long it will take for you to recover the refinancing fees.

Please note that this mortgage refinancing calculator can only provide estimates about the amount of money you can save and the amount of time it will take for you to recover your costs. Any calculation presented does not offer or guarantee any payment or savings for a particular refinance. To determine your mortgage refinancing costs and savings under a specific refinance program, or to ask any questions about how to use the mortgage refinancing calculator, please contact us toll free at 877-LOAN-559 to speak to a Loanstore.com Loan Specialist.