Pat Beech, Broker, Arlena Enos Realtors

Mortgage Refinance Calculator

Enter the numbers below from your present and proposed mortgage.
Do not enter $ signs or "," in the numbers. Example: Enter 100000 not $100,000. Just click in the boxes and change the example numbers to your numbers.

Balance of your current mortgage:
Current monthly mortgage payment:
Current mortgage's interest rate:
Interest rate to refinance at:
Number of years to refinance:
Closing costs paid to refinance:


New monthly payment if refinanced:
Monthly savings:
Interest to pay under current mortgage:
Interest to pay under new refinanced mortgage:
Interest saved if refinanced and keep new mortgage to term:
Net refinancing savings (interest savings minus closing costs):

NOTE: You can end up paying MORE in interest if you refinance a mortgage that is almost paid off over a new longer term, even if your payments per month are much lower.

Arlena Enos, Realtors
All contents copyright © 2002 Arlena Enos, Realtors., All rights reserved.
3181 Poplar Avenue, Suite 222 | Memphis, TN 38111 | Office: (901) 327-2416 | Fax: (901) 683-0692 | Home: (901) 761-4072