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Articles on reducing your personal debt through mortgage refinance

 

 

Mortgage Refinancing Calculator
This calculator will help you to decide whether or not you should refinance your current mortgage at a lower interest rate. Not only will this calculator calculate the monthly payment and net interest savings, but it will also calculate how many months it will take to break even on the closing costs.

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 & Interest Only):
Enter your mortgage's current interest rate:
Enter interest rate you will be refinancing at:
Enter the number of years you will be refinancing for:
This is how much your monthly payment will be if you refinance:
Monthly Payment Reduction:
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:

All figures should be taken for general illustrative purposes only.

For help using the calculator or for further information on mortgage refinance and reducing your debt call us on 1300 789 014.

 

 

 

 

 

 

 
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