The
principal balance of your mortgage (call your
mortgage lender and ask for the current payoff amount): |
|
|
The
amount of your monthly mortgage payment:
|
|
| Your
mortgage's current interest rate: |
|
| Interest
rate you will be refinancing at: |
|
| Number
of years you will be refinancing for: |
|
Closing
costs that will
be required for refinancing: |
|
|
|
|
Monthly
payment 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: |
|
| The
amount of 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): |
|
|
|
