Refinance Calculator

Our refinance calculator will show you whether or not it would be advantageous to refinance an existing single mortgage, or refinance existing first and second mortgages. Not only will our mortgage refinance calculator calculate the monthly payment and net interest savings (if applicable), but it will also calculate how many months it will take to break even on the closing costs (if applicable).

Note: Instructions for our refinance calculator are located beneath the calculator on the lower part of this page.


Existing First Mortgage Terms


Principal Balance: Dollars
Monthly Principal and Interest Payment: Dollars
Current Interest Rate: Percent


Existing Second Mortgage Terms (Optional)


Principal Balance: Dollars
Monthly Principal and Interest Payment: Dollars
Current Interest Rate: Percent


Refinance Mortgage Terms


Interest Rate: Percent
Loan Term: Years
Closing Costs : Points or Dollars
Finance closing costs?:




Refinance Mortgage Results


New Monthly Payment: Dollars
Monthly Payment (Decrease)/Increase: Dollars
Number of Months to Recover Closing Costs: Months
Interest with Current Mortgage Terms: Dollars
Interest with Refinance Mortgage Terms: Dollars
Interest Saved by Refinancing: Dollars
Net Refinancing Savings
(Interest Saved - Closing Costs):
Dollars



Refinance Calculator Instructions

  • Enter dollar amounts without dollar signs, commas, decimal points or cents (i.e. for a $150,000.00 principal amount, enter 150000).
  • Enter the desired interest rate as a value between 0 and 100 without a percent sign (i.e. for 6.5%, enter 6.5).

Calculators

Mortgage Calculator
Our mortgage calculator can calculate principal and interest payments, calculate total monthly payments and display an amortization report.

Refinance Calculator
Our refinance calculator can calculate whether it would save you money to refinance your existing mortgage loan (s).

Local Information

We specialize in loans for borrowers in the greater Phoenix metropolitan area. Click a link below for more information about a particular town:

Scottsdale

Tempe

Chandler

Mesa

Gilbert

Cave Creek